https://www.taxtmi.com/caselaws?id=161256 Delayed refund of tax attracts statutory simple interest where the refund is not made within three months from the relevant refund order, including an order passed by the Tribunal and received by the competent authority. The liability to refund arose on the Tribunal's final order, not on the filing of a separate refund application, so rule-based arguments tying interest to that application were rejected. Because the refund vouchers were issued after expiry and were dishonoured, the refund was not effected within the statutory period. The assessee was therefore entitled to interest from the end of the three-month period until a valid refund voucher was delivered. en-us Fri, 08 Aug 1997 00:00:00 +0530 Fri, 10 Jan 2014 18:11:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161256 Delayed refund of tax attracts statutory simple interest where the refund is not made within three months from the relevant refund order, including an order passed by the Tribunal and received by the competent authority. The liability to refund arose on the Tribunal's final order, not on the filing of a separate refund application, so rule-based arguments tying interest to that application were rejected. Because the refund vouchers were issued after expiry and were dishonoured, the refund was not effected within the statutory period. The assessee was therefore entitled to interest from the end of the three-month period until a valid refund voucher was delivered. Case-Laws VAT and Sales Tax Fri, 08 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161256