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<h1>Appellate Tribunal Orders Refund of Excess Tax Payments, Grants Interest</h1> The Appellate Tribunal ruled in favor of the applicants in two cases involving excess tax payments. The Tribunal directed the respondents to refund the ... - Issues:1. Whether the applicants are entitled to a refund of the excess tax paid.2. Whether the applicants are entitled to interest under section 10B for the undue retention of the excess amounts.Analysis:Issue 1: Refund of Excess Tax PaidThe Tribunal considered two cases involving identical issues where the applicants had paid tax amounts in excess. The assessing authority declared the excess amounts as tax paid in excess, but no refund was provided. The respondents argued that the applicants were not entitled to a refund as the amounts were not considered tax. However, the Tribunal found that the amounts were deposited as tax and remained as tax paid in excess. The notices issued by the assessing authority confirmed the excess tax payments. The respondents' plea to deny refund liability was deemed frivolous. The Tribunal directed the respondents to refund the excess tax amounts to the applicants.Issue 2: Interest under Section 10BThe respondents contended that interest under section 10B was not applicable as the excess tax amount was determined during reassessment under section 11, not under section 20 or 21. However, the Tribunal disagreed, stating that the excess tax declaration arose from an order under section 20. The applicants were deemed eligible for interest under section 10B for the period of undue retention of the excess amounts. The Tribunal specified that interest should be calculated and paid within three months from the date of the order based on the reassessment orders.In conclusion, the Tribunal allowed the applications, directing the respondents to refund the excess tax amounts along with interest as per section 10B within three months. No costs were awarded in this matter. The decision applied to both cases under consideration.Judgment Summary:The Appellate Tribunal, West Bengal Taxation Tribunal, adjudicated on two cases involving excess tax payments by the applicants. The Tribunal ruled in favor of the applicants, ordering the respondents to refund the excess tax amounts and pay interest under section 10B for the period of undue retention. The Tribunal dismissed the respondents' arguments against refund and interest, emphasizing that the excess amounts were indeed tax paid in excess and the applicants were entitled to both refund and interest.
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