https://www.taxtmi.com/caselaws?id=164009 Refund under section 40(2) of the Andhra Pradesh Value Added Tax Act, 2005 could be withheld only where the authority, with previous approval of the Deputy Commissioner, formed a reasoned opinion on relevant material that release of the refund was likely to adversely affect the Revenue. The power was not absolute and could not be invoked merely because revision proceedings were pending. The approving authority had to record reasons to permit scrutiny of the decision, and the record had to show a real risk to recovery or revenue protection. On the stated facts, no such material existed, so withholding the refund was unjustified. en-us Fri, 24 Jul 2009 00:00:00 +0530 Tue, 04 Nov 2014 20:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164009 Refund under section 40(2) of the Andhra Pradesh Value Added Tax Act, 2005 could be withheld only where the authority, with previous approval of the Deputy Commissioner, formed a reasoned opinion on relevant material that release of the refund was likely to adversely affect the Revenue. The power was not absolute and could not be invoked merely because revision proceedings were pending. The approving authority had to record reasons to permit scrutiny of the decision, and the record had to show a real risk to recovery or revenue protection. On the stated facts, no such material existed, so withholding the refund was unjustified. Case-Laws VAT and Sales Tax Fri, 24 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164009