SANDVIK ASIA LTD. vs COMMNR.OF INCOME TAX-I, PUNE .

The Supreme Court addressed the issue of entitlement to interest on refunds under the Income Tax Act, 1961, specifically Sections 214 and 244, in relation to delays in payment by the Income Tax Department. The Court held that an assessee is entitled to compensation for delays in receiving refunds, emphasizing that interest on interest is not payable under the Act. The appeals were dismissed, affirming the High Court's decision that no interest on interest is due to the appellant.