https://www.taxtmi.com/article/detailed?id=1228 Sub section 1 A to section 39 authorises the designated officer to provisionally allow a major portion of a refund claimed on the basis of a return upon receipt of an indemnity bond in prescribed form and subject to prescribed terms and conditions, notwithstanding the documentary and procedural prerequisites otherwise required for refunds. Non compliance with those terms renders the taxable person liable to repay tax together with a monthly penal charge and interest from the date of filing. The definition of designated officer is expanded to include the Excise and Taxation Inspector. en-us Tue, 29 Mar 2011 01:18:53 +0530 Wed, 30 Mar 2011 01:22:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1228 Sub section 1 A to section 39 authorises the designated officer to provisionally allow a major portion of a refund claimed on the basis of a return upon receipt of an indemnity bond in prescribed form and subject to prescribed terms and conditions, notwithstanding the documentary and procedural prerequisites otherwise required for refunds. Non compliance with those terms renders the taxable person liable to repay tax together with a monthly penal charge and interest from the date of filing. The definition of designated officer is expanded to include the Excise and Taxation Inspector. Articles Value Added Tax - VAT and CST Tue, 29 Mar 2011 01:18:53 +0530 https://www.taxtmi.com/article/detailed?id=1228