Assessee entitled to Interest on interest for delayed payment of refund -SC

SUPREME COURT OF INDIA Sandvik Asia Ltd. versus Commissioner of Income-tax, Pune H.K. SEMA AND DR. A.R. LAKSHMANAN CIVIL APPEAL NOS. 1337-1340 OF 2005 JANUARY 27, 2006 JUDGMENT Dr. A.R. Lakshmanan, J. These appeals raise substantial and important questions of law of great general public importance as well as under the Income-tax Act, 1961 pertaining to assessment years 1977-78, 1978-79, 1981-82 and 1982-83 requiring consideration of this Court. Since common questions of law and facts arise in all these appeals they were heard together and are being disposed of by this common j...