2001 (7) TMI 10 - SC - Income Tax

Decision of the Gujarat High Court in case of D.J. Works v Deputy CIT, which had been followed by the same High Court in Chimanlal S. Patel v CIT lay down that the revenue is liable to pay interest on the amount of interest which it should have paid to the assessee but has unjustifiably failed to do - hence decision of tribunal allowing interest upon interest, was justified