Petitioner entitled to refund of admittedly due amount along ...

Taxpayer gets refund + 8% interest for delay, 2% interest penalty on officers for inaction.

Case Laws Customs

July 15, 2024

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.

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Petitioner entitled to refund of admittedly due amount along ...

Taxpayer gets refund + 8% interest for delay, 2% interest penalty on officers for inaction.

Case Laws Customs

July 15, 2024

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