2018 (3) TMI 1090 - SCH - Income Tax

Interest on refund of TDS - Held that - No ground to interfere with the impugned order. The special leave petition is accordingly dismissed. HC order confirmed 2017 (6) TMI 1158 - MEGHALAYA HIGH COURT HC has held that right of receiving interest is available to the petitioners as per the statute and nothing of any estoppel could be considered operating against the petitioners over the statutory provisions contained in Section 244-A of the Act. Thus, we are clearly of the view that the impugned orders in so far the respondent No.1 had declined the payment of interest over the refundable amount of tax and consequential denial of interest in the impugned assessment orders cannot be approved and in modification of the impugned orders, the petitioners deserve to be allowed interest on the refundable amount of tax w.e.f. 26.02.2008.

Summary

The Supreme Court dismissed the special leave petition as they found no grounds to interfere with the impugned order. Pending applications were also disposed of.