https://www.taxtmi.com/caselaws?id=160894 Once a penalty order under the Punjab General Sales Tax Act was set aside in appeal, the assessee acquired an enforceable right to refund of the amount deposited under that order from the next day. The retaining authority could not defeat that accrued right by withholding the money or by relying on a later order confirming penalty, because the original penalty order had ceased to exist after the appellate decision and no retrospective penalty could be imposed. Interest was payable on the refunded amount under section 12 from the date the refund became due until actual payment. en-us Wed, 22 Aug 2001 00:00:00 +0530 Thu, 26 Dec 2013 12:50:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160894 Once a penalty order under the Punjab General Sales Tax Act was set aside in appeal, the assessee acquired an enforceable right to refund of the amount deposited under that order from the next day. The retaining authority could not defeat that accrued right by withholding the money or by relying on a later order confirming penalty, because the original penalty order had ceased to exist after the appellate decision and no retrospective penalty could be imposed. Interest was payable on the refunded amount under section 12 from the date the refund became due until actual payment. Case-Laws VAT and Sales Tax Wed, 22 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160894