{"id":14749,"date":"2020-12-31T15:18:04","date_gmt":"2020-12-31T15:18:04","guid":{"rendered":"https:\/\/itatonline.org\/digest\/pcit-v-solan-district-truck-operators-transport-co-operative-society-2020-428-itr-264-274-taxman-397-hp-hc\/"},"modified":"2020-12-31T15:18:04","modified_gmt":"2020-12-31T15:18:04","slug":"pcit-v-solan-district-truck-operators-transport-co-operative-society-2020-428-itr-264-274-taxman-397-hp-hc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/pcit-v-solan-district-truck-operators-transport-co-operative-society-2020-428-itr-264-274-taxman-397-hp-hc\/","title":{"rendered":"PCIT v. Solan District Truck Operators Transport Co-Operative Society (2020) 428 ITR 264 \/ 274 Taxman 397 (HP) (HC)"},"content":{"rendered":"<p>Dismissing the appeal of the revenue the Court held that that the interest on the delayed refund was part of the principal amount and the delayed interest included the interest for not refunding the principal amount. The net of interest partook the character of \u201camount due\u201d under section\u00a0244A\u00a0. The Tribunal was right in directing the Department to pay compensation in the form of simple interest on the amount due at the rate at which the assessee otherwise would have been entitled to under section\u00a0244A\u00a0on the delayed refund up to the date of issue of refund. Referred CIT v. H. E. G. LTD.\u00a0<a href=\"http:\/\/www.taxlawsonline.com\/%5b2010%5d%20324%20ITR%200331\">[2010] 324 ITR 331<\/a>\u00a0(SC)\u00a0 ( AY.1996-97 to 1999-2000)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 244A : Refund \u2013 Interest on refunds \u2013 Direction to pay simple interest  on amount due \u2013 Held to be proper [ S. 237, 243 , 244A (2) , 254 (1) ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-14749","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3PT","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=14749"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14749\/revisions"}],"predecessor-version":[{"id":14750,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14749\/revisions\/14750"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}