Commitment proceedings gain extended timelines, structured defect refiling, and automatic resumption of inquiry after the adjusted completion period e...
Centralised assessment transfer becomes unwarranted once the searched person's assessment is complete, requiring restoration to the appropriate charge...
Co-operative deduction eligibility excludes refund and commercial-bank interest, while qualifying co-operative investments require entity-wise verific...
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Section 132B(4) requires simple interest on refundable seized cash from the day after expiry of 120 days from the last authorisation, and the Revenue cannot defeat that liability by relying on its own failure to complete assessment. Where refund is unduly delayed and no assessment has been made, Article 226 may support compensatory relief beyond the statutory framework. A pending vigilance reference does not justify withholding or postponing interest. The respondents were directed to pay interest on the refunded cash at the statutory rate until refund, with enhanced interest if payment was further delayed.
Section 132B(4) requires simple interest on refundable seized cash from the day after expiry of 120 days from the last authorisation, and the Revenue cannot defeat that liability by relying on its own failure to complete assessment. Where refund is unduly delayed and no assessment has been made, Article 226 may support compensatory relief beyond the statutory framework. A pending vigilance reference does not justify withholding or postponing interest. The respondents were directed to pay interest on the refunded cash at the statutory rate until refund, with enhanced interest if payment was further delayed.
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