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2018 (12) TMI 694 - KERALA HIGH COURTInterest on interest with respect to the refund - ITAT allowed the claim of assessee - Held that:- As decided in Gujarat Fluoro Chemicals (2013 (10) TMI 117 - SUPREME COURT) held it is only that interest provided for under the statute which may be claimed by an assessee from the Revenue and no other interest on such statutory interest. The clarification has put it in the proper perspective and the facts in the present case do not commend such a drastic measure of interest on interest. We, hence, allow the appeals and set aside the order of the Tribunal on the sole issue of grant of interest on interest on the refunds and answer the question of law in favour of the Revenue and against the assessee.
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