https://www.taxtmi.com/caselaws?id=162906 Where a tax demand is set aside in appeal and a pre-deposit remains retained by the department, statutory interest on refund runs from the date the demand is annulled, not from the later remand assessment order. The Punjab and Haryana High Court applied the settled principle that once the original demand was cancelled and the matter remitted for fresh consideration, the assessee's right to interest arose immediately on wrongful retention of the deposited amount. The assessee was therefore entitled to interest under section 12 of the Punjab General Sales Tax Act, 1948 from 21 November 2001 until refund. en-us Tue, 25 Apr 2006 00:00:00 +0530 Tue, 18 Mar 2014 18:26:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162906 Where a tax demand is set aside in appeal and a pre-deposit remains retained by the department, statutory interest on refund runs from the date the demand is annulled, not from the later remand assessment order. The Punjab and Haryana High Court applied the settled principle that once the original demand was cancelled and the matter remitted for fresh consideration, the assessee's right to interest arose immediately on wrongful retention of the deposited amount. The assessee was therefore entitled to interest under section 12 of the Punjab General Sales Tax Act, 1948 from 21 November 2001 until refund. Case-Laws VAT and Sales Tax Tue, 25 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162906