Calcutta HC Denies Interest on Refund Adjusted Beyond 20% Pending IT Appeal

Danieli India Limited Vs Union of India (Calcutta High Court)

The Calcutta High Court, in the case of Danieli India Limited Vs Union of India, addressed the issue of whether a taxpayer is automatically entitled to interest under Section 244A of the Income Tax Act, 1961, on a refund amount that was released pursuant to a specific direction by the High Court, particularly when the underlying tax demand is still subject to appeal.

Background and Issue

The petitioner, Danieli Indi

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