https://www.taxtmi.com/caselaws?id=162581 Refund of a pre-deposit under Section 12(6) of the Punjab General Sales Tax Act, 1948 could be withheld only if pending proceedings existed and the Assessing Authority recorded a reasoned satisfaction, on material, that release of the refund was likely to adversely affect recovery. On the stated facts, the order contained no material showing prejudice to recovery and no real application of mind to the statutory precondition. The withholding order was therefore invalid, and the petitioner was entitled to refund of the deposited amount with statutory interest. en-us Thu, 01 Feb 2007 00:00:00 +0530 Mon, 05 Feb 2024 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162581 Refund of a pre-deposit under Section 12(6) of the Punjab General Sales Tax Act, 1948 could be withheld only if pending proceedings existed and the Assessing Authority recorded a reasoned satisfaction, on material, that release of the refund was likely to adversely affect recovery. On the stated facts, the order contained no material showing prejudice to recovery and no real application of mind to the statutory precondition. The withholding order was therefore invalid, and the petitioner was entitled to refund of the deposited amount with statutory interest. Case-Laws VAT and Sales Tax Thu, 01 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162581