https://www.taxtmi.com/caselaws?id=162300 Rule 36(6) was interpreted according to its plain language: refund by adjustment or payment could be made only after an order sanctioning refund under rule 36(3), and section 32 was limited to interest on delayed refund rather than extinguishing a later tax liability. At the same time, the court exercised equitable relief in a suitable factual matrix, directing that the later demand proceedings be kept in abeyance until the earlier refund claims were decided, after which the refundable amount and interest could be set off against the subsequent demand and interest payable. en-us Fri, 25 Feb 2005 00:00:00 +0530 Mon, 24 Feb 2014 15:27:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162300 Rule 36(6) was interpreted according to its plain language: refund by adjustment or payment could be made only after an order sanctioning refund under rule 36(3), and section 32 was limited to interest on delayed refund rather than extinguishing a later tax liability. At the same time, the court exercised equitable relief in a suitable factual matrix, directing that the later demand proceedings be kept in abeyance until the earlier refund claims were decided, after which the refundable amount and interest could be set off against the subsequent demand and interest payable. Case-Laws VAT and Sales Tax Fri, 25 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162300