https://www.taxtmi.com/caselaws?id=251611 Refund of excess tax could not be withheld in the absence of pending proceedings under the Act or any recorded risk to the revenue. A contemplated or uninitiated revisional action was not a sufficient basis to retain the quantified amount. The court further recognised interest on the refund under Section 50 of the Karnataka Value Added Tax Act, 2003. The assessee was held entitled to refund with interest, and the authorities were directed to make payment within two weeks. en-us Fri, 11 Jul 2014 00:00:00 +0530 Sat, 20 Sep 2014 10:18:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251611 Refund of excess tax could not be withheld in the absence of pending proceedings under the Act or any recorded risk to the revenue. A contemplated or uninitiated revisional action was not a sufficient basis to retain the quantified amount. The court further recognised interest on the refund under Section 50 of the Karnataka Value Added Tax Act, 2003. The assessee was held entitled to refund with interest, and the authorities were directed to make payment within two weeks. Case-Laws VAT and Sales Tax Fri, 11 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251611