https://www.taxtmi.com/caselaws?id=159207 Refund under the Punjab General Sales Tax Act could not be withheld under section 12(6) unless the refund was the subject of pending appeal or other proceedings and the Assessing Authority recorded satisfaction that release would adversely affect recovery. As no pending proceeding concerning the refund was shown and no requisite satisfaction was recorded, withholding was contrary to the statute. The refund was therefore required to be adjusted against the subsequent demand, and the balance tax stood paid by such adjustment. On that basis, no penalty or interest could be levied for non-payment of the balance demand. en-us Mon, 06 Jan 1997 00:00:00 +0530 Mon, 18 Nov 2013 14:30:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159207 Refund under the Punjab General Sales Tax Act could not be withheld under section 12(6) unless the refund was the subject of pending appeal or other proceedings and the Assessing Authority recorded satisfaction that release would adversely affect recovery. As no pending proceeding concerning the refund was shown and no requisite satisfaction was recorded, withholding was contrary to the statute. The refund was therefore required to be adjusted against the subsequent demand, and the balance tax stood paid by such adjustment. On that basis, no penalty or interest could be levied for non-payment of the balance demand. Case-Laws VAT and Sales Tax Mon, 06 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159207