https://www.taxtmi.com/caselaws?id=162580 Refund under section 41(1) of the Punjab VAT Act can be withheld only if the refund order is under appeal or another pending proceeding, and the competent officer, with prior approval of the Commissioner, records a reasoned satisfaction on relevant material that immediate release is likely to prejudice recovery. A pending special leave petition against a different judgment did not make the assessment order granting refund a subject of appeal or pending proceedings, and no supporting material showed likely harm to revenue recovery. The withholding was therefore unsustainable, and the assessee remained entitled to the refund with statutory interest. en-us Tue, 06 Feb 2007 00:00:00 +0530 Mon, 10 Mar 2014 14:59:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162580 Refund under section 41(1) of the Punjab VAT Act can be withheld only if the refund order is under appeal or another pending proceeding, and the competent officer, with prior approval of the Commissioner, records a reasoned satisfaction on relevant material that immediate release is likely to prejudice recovery. A pending special leave petition against a different judgment did not make the assessment order granting refund a subject of appeal or pending proceedings, and no supporting material showed likely harm to revenue recovery. The withholding was therefore unsustainable, and the assessee remained entitled to the refund with statutory interest. Case-Laws VAT and Sales Tax Tue, 06 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162580