https://www.taxtmi.com/caselaws?id=157947 Where an assessment was quashed, the tax deposit became refundable and there was no legal basis to retain it. The Punjab and Haryana High Court noted that Section 12(3) of the Punjab General Sales Tax Act, 1948 mandates simple interest if a refundable amount is not returned within ninety days of the refund order, and Rule 50 of the Punjab General Sales Tax Rules, 1949 requires the refunding authority to record and communicate the interest payable. As the delay was not attributable to the assessee, interest on the delayed refund was held to be mandatory. en-us Tue, 26 Jul 1994 00:00:00 +0530 Mon, 14 Oct 2013 12:58:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157947 Where an assessment was quashed, the tax deposit became refundable and there was no legal basis to retain it. The Punjab and Haryana High Court noted that Section 12(3) of the Punjab General Sales Tax Act, 1948 mandates simple interest if a refundable amount is not returned within ninety days of the refund order, and Rule 50 of the Punjab General Sales Tax Rules, 1949 requires the refunding authority to record and communicate the interest payable. As the delay was not attributable to the assessee, interest on the delayed refund was held to be mandatory. Case-Laws VAT and Sales Tax Tue, 26 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157947