https://www.taxtmi.com/caselaws?id=162108 Where a refund becomes payable under an order modifying or reversing tax, penalty or interest liabilities, section 12(3) of the Punjab General Sales Tax Act, 1948 makes simple interest payable if the amount is not refunded within ninety days. A separate refund application under section 12(1) is not required before claiming that interest. The Court rejected the argument that the dealer had to first seek refund under section 12(1), and found no basis to exclude the interest period on the facts. The refund amounts were therefore held to carry statutory interest for the delayed period. en-us Tue, 12 Jul 2005 00:00:00 +0530 Wed, 19 Feb 2014 13:59:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162108 Where a refund becomes payable under an order modifying or reversing tax, penalty or interest liabilities, section 12(3) of the Punjab General Sales Tax Act, 1948 makes simple interest payable if the amount is not refunded within ninety days. A separate refund application under section 12(1) is not required before claiming that interest. The Court rejected the argument that the dealer had to first seek refund under section 12(1), and found no basis to exclude the interest period on the facts. The refund amounts were therefore held to carry statutory interest for the delayed period. Case-Laws VAT and Sales Tax Tue, 12 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162108