Refund processing on production of C-Forms directed, with interest payable subject to pending Supreme Court appeals.

Refund processing was directed once the relevant C-Forms were produced, and the authority was required to pass the refund order within four weeks and credit the refund with interest within two weeks thereafter. Interest for the period when the C-Forms were not available was made subject to the final outcome of the Revenue's pending appeals before the Supreme Court. The relief therefore depended on production of the C-Forms, while the entitlement to interest for the disputed period remained conditional.

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Issues: Whether the petitioner was entitled to processing and release of refund on production of the relevant C-Forms, with interest on the refunded amount.

Analysis: The relevant C-Forms had been produced before the authority after filing of the petition, and in that view the Court directed that the refund be processed, the refund order be passed within four weeks, and the refund amount with interest be credited to the petitioner's account within two weeks thereafter. The payment of interest for the period during which the C-Forms were not available was made subject to the final outcome of the Revenue's appeals pending before the Supreme Court.

Conclusion: The petitioner was granted the relief of refund processing and release of refund with interest, subject to the stated condition regarding interest for the period of non-availability of C-Forms.

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