https://www.taxtmi.com/caselaws?id=221317 Interest on delayed refund of excess tax deducted at source was held payable under Section 29(2) of the U.P. Trade Tax Act because the department's internal verification of the TDS certificate did not extinguish the statutory liability. The Court applied the principle that an assessee should not suffer for delay not attributable to it, and treated the delay in verification as no defence to interest liability. It therefore held that simple interest at 18% per annum was payable from the date of the assessment order until refund, and directed the department to compute and pay the interest. en-us Thu, 03 Jan 2013 00:00:00 +0530 Sat, 02 Aug 2014 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221317 Interest on delayed refund of excess tax deducted at source was held payable under Section 29(2) of the U.P. Trade Tax Act because the department's internal verification of the TDS certificate did not extinguish the statutory liability. The Court applied the principle that an assessee should not suffer for delay not attributable to it, and treated the delay in verification as no defence to interest liability. It therefore held that simple interest at 18% per annum was payable from the date of the assessment order until refund, and directed the department to compute and pay the interest. Case-Laws VAT and Sales Tax Thu, 03 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221317