TMI BlogDelay in refund processing, the petitioner's entitlement to interest, and the court's decision to grant interest based on Section 244AX X X X Extracts X X X X X X X X Extracts X X X X ..... ally sought a mandamus for the grant of refund with interest for the Assessment Year 2021-22. Subsequently, the refund was made on 05.10.2023, and the petitioner amended the prayer to confine it to the payment of interest. Petitioner's Details : The petitioner is a Limited Liability Company (LLC) incorporated in the United States of America (USA). Tax Deduction : During the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... titioner claimed that the delay in making the refund was entirely attributable to the respondents (tax authorities), and thus, it was entitled to interest not only in terms of Section 244A of the Income Tax Act but also as compensation. Legal References : The petitioner's counsel referred to several judgments to support their claim for interest and compensation, emphasizing that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rocessing Centre to pay interest on the specified sum at the rate specified in Section 244-A of the Income Tax Act from 01.05.2022 to 05.10.2023. The refund was to be made within a maximum period of two months from the date of receipt of the court's order. In summary, the key issues in this case involve the delay in refund processing, the petitioner's entitlement to interest, a ..... X X X X Extracts X X X X X X X X Extracts X X X X
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