https://www.taxtmi.com/caselaws?id=157453 Where refund of illegally collected tax is governed by statute, interest follows the applicable refund provisions on delayed payment of excess tax. The article notes that sections 10B of the Bengal Finance (Sales Tax) Act, 1941 and 8B of the West Bengal Sales Tax Act, 1954 provided simple interest on the delayed sales tax refund. It also states that, even without an express entry tax provision, interest may be awarded as compensation for wrongful retention of money after the levy was held illegal. The stated effect is statutory interest on the sales tax refund and equitable interest on the entry tax refund. en-us Fri, 12 Feb 1993 00:00:00 +0530 Sat, 05 Oct 2013 16:41:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157453 Where refund of illegally collected tax is governed by statute, interest follows the applicable refund provisions on delayed payment of excess tax. The article notes that sections 10B of the Bengal Finance (Sales Tax) Act, 1941 and 8B of the West Bengal Sales Tax Act, 1954 provided simple interest on the delayed sales tax refund. It also states that, even without an express entry tax provision, interest may be awarded as compensation for wrongful retention of money after the levy was held illegal. The stated effect is statutory interest on the sales tax refund and equitable interest on the entry tax refund. Case-Laws VAT and Sales Tax Fri, 12 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157453