Supreme Court · 2006 INSC 44 · Decided 27 January 2006
Sandvik Asia LTD. v. Commissioner of Income Tax-I, Pune and ORS.
- Court
- Supreme Court of India
- Citation
- 2006 INSC 44 · [2006] 1 S.C.R. 811
- Case number
- CIVIL APPEAL No. 1337/2005
- Decided
- 27 January 2006
- Bench
- H.K. SEMA, AR. LAKSHMANAN (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 240, 214, 244
Headnote
B Income Tax Act, 1961: Section 240 (as it stood prior to 1.4.1989)-AYs 1977-78, 1978-79, 1981-82 and 1982-83-Refund on appeal-Interest on refund-Delayed C payment of interest-Compensation-Entitlement to-A notice of demand for payment of income tax was issued to the assessee-However, the appellate thus, became entitled to interest on the refund under Ss. 2 I 4 and 244-But the payment of interest was delayed for various periods ranging from 12 to 17 years-The D assessee filed a writ petition before the High Court claiming interest on the delayed payment of interest on refund-The High
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