Chander Prakash Jain v. Commissioner of Income-tax & Anr
[Citation -2018-LL-0507-45]
| Citation | 2018-LL-0507-45 |
|---|---|
| Appellant Name | Chander Prakash Jain |
| Respondent Name | Commissioner of Income-tax & Anr. |
| Court | SUPREME COURT |
| Relevant Act | Income-tax |
| Date of Order | 07/05/2018 |
| Judgment | View Judgment |
| Keyword Tags | fixed deposit receipt • indira vikas patra • compensatory interest |
| Bot Summary: | For Respondent(s) UPON hearing the counsel the Court made the following ORDER In the judgment dated 28.04.2015 passed by the High Court of Judicature at Allahabad in Writ Tax No.566/2011, the Division Bench of the High Court has held as follows:- The Kishan Vikash Patras, Indira Vikash Patras, Fixed Deposit Receipts etc. If the Revenue has failed to do so and the Signature Not Verified Digitally signed by money all along continued to remain deposited with the NARENDRA PRASAD Date: 2018.05.08 14:40:49 IST Reason: Union of India and available for utilization by the Revenue itself, we see absolutely no reason in the facts 1 of the case as to why the Revenue may not be asked to pay interest on the aforesaid Kishan Vikash Patras, Indira Vikash Patras, Fixed Deposit Receipts etc. It appears, it was also brought to the notice of the High Court that the Deputy Commissioner granted only 6 interest and that was why the petitioner filed the writ petition. The High Court in paragraph 6 of the impugned judgment held that the petitioner was not able to show the High Court how he was entitled to the compensatory interest. Since, the High Court itself has granted liberty to file a review, we do not propose to deal with this matter any further. Accordingly, this special leave petition is disposed of as follows: The petitioner may file a review petition within thirty days from today. We request the High Court to consider the review petition in the light of what is stated above and pass orders thereon expeditiously and preferably within a month thereafter. |