Revenue must pay 6% compensatory interest on delayed, unpaid Section 244A statutory refund interest.
Revenue must pay 6% compensatory interest on delayed, unpaid Section 244A statutory refund interest. Issue Whether the Revenue must be directed to rectify the computation and release the balance interest when statutory interest under Section 244A was incorrectly computed. Whether the Revenue is liable to pay interest or compensation to the assessee on delayed, unpaid… Read More »