Test of unjust enrichment not satisfied where refund amount is shown as ‘expenditure’ and not as ‘claims receivable’

Test of unjust enrichment not satisfied where refund amount is shown as ‘expenditure’ and not as ‘claims receivable’ https://www.taxtmi.com/article/detailed?id=5632 Whether a refund meets the unjust enrichment test turns on procedural compliance for payment under protest, timeliness measured from the operative appellate order, and the claimant's accounting treatment; if the amount is recorded as expenditure rather than as a claims receivable, it indicates the duty was borne and the unjust enrichment test is not satisfied. en-us Mon, 26 May 2014 13:17:11 +0530 Mon, 26 May 2014 13:17:11 +0530 TaxTMI RSS Generator Test of unjust enrichment not satisfied where refund amount is shown as ‘expenditure’ and not as ‘claims receivable’ https://www.taxtmi.com/article/detailed?id=5632 Whether a refund meets the unjust enrichment test turns on procedural compliance for payment under protest, timeliness measured from the operative appellate order, and the claimant's accounting treatment; if the amount is recorded as expenditure rather than as a claims receivable, it indicates the duty was borne and the unjust enrichment test is not satisfied. Articles Central Excise Mon, 26 May 2014 13:17:11 +0530 https://www.taxtmi.com/article/detailed?id=5632