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TMI Blog2013 (10) TMI 117X X X X Extracts X X X X X X X X Extracts X X X X ..... l Leave Petition (C) No. 14050 of 2012 Special Leave Petition (C) No. 14051 of 2012 Special Leave Petition - - X X X X Extracts X X X X X X X X Extracts X X X X ..... rectness of the decision in Sandvik case (supra). 3. In order to answer the aforesaid issue before us, we have carefully gone through the judgment of this Court in Sandvik case (supra) and the order of reference. We have also considered the submissions made by the parties to the lis. 4. We would first throw light on the reasoning and the decision of this Court on the core issue in Sandvik case ( ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the amount due to the assessee this Court had thought it fit that the assessee should be properly and adequately compensated and therefore in paragraph 51 of the judgment, the Court while compensating the assessee had directed the Revenue to pay a compensation by way of interest for two periods, namely; for the Assessment Years 1977-78, 1978-79, 1981-82, 1982- 83 in a sum of Rs.40,84,906/- and int ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... great prejudice caused to it due to the delay in its payment after the lapse of statutory period. In the facts of that case, this Court had come to the conclusion that there was an inordinate delay on the part of the Revenue in refunding certain amount which included the statutory interest and therefore, directed the Revenue to pay compensation for the same not an interest on interest. 8. Further ..... X X X X Extracts X X X X X X X X Extracts X X X X
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