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2017 (11) TMI 988 - AT - Income TaxGrant of interest / compensation on the delayed payment of interest u/s 244A - Held that:- There is an inordinate delay of more than 10 years in payment of balance amount to the assessee, hence, in the light of the decision of the Hon'ble Supreme Court in the case of ‘CIT Vs. Gujarat Flluro Chemicals’ [2013 (10) TMI 117 - SUPREME COURT] the assessee is otherwise entitled for the compensation from the Revenue for inordinate delay in the payment of interest. We accordingly direct the Revenue to pay compensation in the shape of simple interest on the amount due at the rate at which the assessee otherwise would have been entitled to, on the delayed payment of excess tax paid. In view of this, these appeals of the assessee are treated as allowed.
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