https://www.taxtmi.com/caselaws?id=161598 A refund delayed beyond the statutory six-month period carries mandatory interest under section 43 of the Bihar Finance Act, 1981, and verification delays in treasury deposits do not defeat that entitlement. The applicable rate was 9% per annum from the expiry of six months after the refund application until actual payment. The text also stresses that rule 26A(3)(i) of the Bihar Sales Tax Rules, 1983 must be strictly followed and that authorities should initiate action under section 25A(6) against deductors who fail to deposit tax deducted at source in the prescribed manner, to avoid unnecessary refund delays and interest liability. en-us Mon, 16 Jun 2003 00:00:00 +0530 Sat, 01 Feb 2014 15:47:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161598 A refund delayed beyond the statutory six-month period carries mandatory interest under section 43 of the Bihar Finance Act, 1981, and verification delays in treasury deposits do not defeat that entitlement. The applicable rate was 9% per annum from the expiry of six months after the refund application until actual payment. The text also stresses that rule 26A(3)(i) of the Bihar Sales Tax Rules, 1983 must be strictly followed and that authorities should initiate action under section 25A(6) against deductors who fail to deposit tax deducted at source in the prescribed manner, to avoid unnecessary refund delays and interest liability. Case-Laws VAT and Sales Tax Mon, 16 Jun 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161598