The High Court held that the Revenue department's request for ...

Revenue dept's request for delay in paying interest on delayed refunds rejected. Public money can't be wasted.

Case Laws Income Tax

August 3, 2024

The High Court held that the Revenue department's request for two months to pay interest on refunds delayed by the department itself was audacious, as public money is utilized for interest payments. The Court directed the department to calculate interest up to March 1, 2024, and pay the balance interest by that date, failing which contempt proceedings would be initiated for willful disobedience of the Court's orders, emphasizing the need to save public funds and comply with judicial directives promptly.

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The High Court held that the Revenue department's request for ...

Revenue dept's request for delay in paying interest on delayed refunds rejected. Public money can't be wasted.

Case Laws Income Tax

August 3, 2024

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