Facts of the Case
- The
petitioner, MUFG Bank Ltd., filed multiple writ petitions seeking
refund of amounts along with interest.
- The
Court had earlier (order dated 02 September 2020) directed the respondents
(Income Tax Department) to credit the refund amount with interest
within two weeks.
- The
respondent filed applications seeking three weeks’ additional time
to comply.
- The
delay was attributed to COVID-19 infections among staff, resulting
in isolation and disruption of work.
- The
petitioner also raised an issue regarding incorrect computation of
interest for Assessment Year 2011–12.
Issues Involved
- Whether
additional time should be granted to the Income Tax Department for
compliance with refund orders.
- Whether
interest on refunds must continue until actual payment is made.
- Whether
the computation of interest can be challenged separately by the
petitioner.
Petitioner’s Arguments
- The
petitioner accepted notice but contended that:
- Interest
amount was not properly computed, particularly for AY
2011–12.
- Sought
liberty to file an appropriate application for correction of interest
calculation.
Respondent’s Arguments
- The
respondent (Income Tax Department) submitted that:
- The
order dated 02 September 2020 had been partially complied with.
- Due
to COVID-19 outbreak and staff isolation, timely compliance was
not possible.
- Requested
three weeks’ extension to complete compliance.
Court’s Findings
- The
Court acknowledged:
- The
extraordinary circumstances caused by COVID-19.
- Partial
compliance already made by the department.
- The
Court found the request for extension reasonable under the
circumstances.
Court Order / Judgment
- The
Court allowed the applications.
- Granted
three weeks’ additional time to the respondent to comply with the
earlier order.
- Clarified
that:
- Interest
must be paid till the actual date of payment.
- Detailed
computation of interest must be provided
along with payment.
- Liberty
granted to the petitioner to challenge incorrect interest computation
separately.
Important Clarifications by Court
- Interest
under tax refund provisions is not limited to the original deadline
but extends until actual realization/payment.
- Administrative
difficulties (including pandemic situations) may justify reasonable
extension, but not waiver of statutory obligations.
- Tax
authorities must ensure transparent calculation of interest.
Sections Involved
- Section
244A of the Income Tax Act, 1961 (Interest on Refunds)
- Relevant provisions relating to refund compliance under Income Tax Law
Link to download the order -
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