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2014 (6) TMI 673 - HC - Income TaxClaim of interest u/s 214 - scope of the term 'compensation' - the claim of the assessee is for payment of compensation on account of the delay in payment of the interest amount - Held that:- the meaning that is required to be given to the word compensation has been considered extensively and finally the department was directed to pay interest @ 9% per annum within a period of one month from the date of receipt of copy of the order, failing which the department shall pay a penal interest @ 15% per annum for the period mentioned in the said judgment. - Following the decision in Sandvik Asia Ltd [2006 (1) TMI 55 - SUPREME Court] decided in favor of assessee.
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