TMI BlogTaxpayer gets refund + 8% interest for delay, 2% interest penalty on officers for inaction.Petitioner entitled to refund of admittedly due amount along with interest at 8% p.a. instead of statutory 6% for Revenue's delay in releasing refund. Difference of 2% interest to be recovered from officers responsible for inaction. Petition disposed of. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|