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2013 (2) TMI 646 - ANDHRA PRADESH HIGH COURTInterest on belated refund - Held that:- The fact that the respondents have failed to remit the interest component to the petitioner, an instrumentality of the State even after this writ petition is filed sensitizing the respondents of their statutory obligations under the provisions of section 33F signals a sad state of ambivalence and dithering on the part of the respondents in issuing orders of refund along with interest statutorily mandated, a conduct to be deprecated. Thus the petitioner is entitled to interest on the amount of refund due and credited to the petitioner, i.e., ₹ 15,40,07,843 for the period July 26, 2004 to November 15, 2011.
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