https://www.taxtmi.com/caselaws?id=156309 Refund arising from assessments set aside in appeal may still be withheld under the statute when further proceedings remain pending and the assessing authority, with prior approval of the competent authority, forms the opinion that immediate refund is likely to prejudice revenue. The record showed that approval was obtained and the withholding order was validly made, so the writ court could not compel immediate refund at that stage. The statutory mechanism for withholding refund was therefore upheld, while completion of assessment within the stipulated time and consequential refund with interest, if assessments were not completed, remained part of the operative direction. en-us Wed, 29 Aug 1990 00:00:00 +0530 Tue, 17 Sep 2013 18:07:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156309 Refund arising from assessments set aside in appeal may still be withheld under the statute when further proceedings remain pending and the assessing authority, with prior approval of the competent authority, forms the opinion that immediate refund is likely to prejudice revenue. The record showed that approval was obtained and the withholding order was validly made, so the writ court could not compel immediate refund at that stage. The statutory mechanism for withholding refund was therefore upheld, while completion of assessment within the stipulated time and consequential refund with interest, if assessments were not completed, remained part of the operative direction. Case-Laws VAT and Sales Tax Wed, 29 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156309