https://www.taxtmi.com/caselaws?id=162977 Interest on a refunded amount was treated as academic once the refund was made in accordance with the statutory requirement. The claim for interest on an encashed bank guarantee also failed because the earlier decision in Jindal Jewellers was confined to cases where refund was not made within the time fixed by the court. The HC held that this precedent did not create a general right to interest on encashed guarantees from the date of encashment merely because the amount was later refunded, so no further relief survived. en-us Tue, 21 Nov 2006 00:00:00 +0530 Wed, 19 Mar 2014 17:32:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162977 Interest on a refunded amount was treated as academic once the refund was made in accordance with the statutory requirement. The claim for interest on an encashed bank guarantee also failed because the earlier decision in Jindal Jewellers was confined to cases where refund was not made within the time fixed by the court. The HC held that this precedent did not create a general right to interest on encashed guarantees from the date of encashment merely because the amount was later refunded, so no further relief survived. Case-Laws VAT and Sales Tax Tue, 21 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162977