2010 (3) TMI 933 - SCH - Indian Laws

Delay condoned - there will be stay of refund - if the assessee succeeds in the appeal it would be entitled to interest which would be imposed on the State at the final hearing of the matter.

Summary

The Supreme Court granted leave and expedited the hearing in a case. The court clarified that there would be a stay on the refund, but if the assessee wins the appeal, they would be entitled to interest imposed on the State at the final hearing.