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2002 (6) TMI 36 - HC - Income TaxRefund, Interest On Refund - whether the amount kept in simpliciter deposit with the Revenue authorities without being appropriated towards the tax due of an assessee would be liable to attract interest for the period it was lying in deposit? - we are of the view that the learned single judge was right in his conclusion that no interest was payable on the excess amount held in the hands of the Revenue as deposit for the period from July 6, 1987 to February 17, 1989. We see no error in the judgment. There is no substance in the appeal. The appeal is dismissed.
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