C.I.T-I,BHOPAL vs M/S H.E.G.LTD. — C.A. No. 8177/2009

Case Summary: C.A. No. 8177/2009 - CIT Bhopal v. M/s H.E.G. Limited The Supreme Court dismissed the Income Tax Department's appeal challenging H.E.G. Limited's entitlement to statutory interest under Section 244A for delayed refund. The company had paid TDS of Rs. 45,73,528 during Assessment Year 1993-94, which was refunded after 57 months (April 1993 to December 1997). The Court held that interest accrued on delayed refund forms an integral part of the "amount due" under Section 244A and is not compound interest as the Department contended. The principal amount was paid on 31 December 1997, net of the interest component. All related appeals (S.L.P. Nos. 18046/2009 and CC 10437/2009) were also dismissed with no order as to costs. This case analysis is maintained by casestatus.in based on publicly available court records.