https://www.taxtmi.com/caselaws?id=253726 Refund eligibility was upheld where the assessee had shown a substantial amount as recoverable from the department in its balance sheet and supported that position with a Chartered Accountant's certificate. The Tribunal held that there was no legal requirement for the specific disputed amount to be separately reflected as recoverable in the balance sheet for refund purposes. On that basis, the revenue's objection based solely on the balance-sheet presentation was found unsustainable and the challenge was rejected. en-us Tue, 25 Mar 2014 00:00:00 +0530 Mon, 08 Feb 2016 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253726 Refund eligibility was upheld where the assessee had shown a substantial amount as recoverable from the department in its balance sheet and supported that position with a Chartered Accountant's certificate. The Tribunal held that there was no legal requirement for the specific disputed amount to be separately reflected as recoverable in the balance sheet for refund purposes. On that basis, the revenue's objection based solely on the balance-sheet presentation was found unsustainable and the challenge was rejected. Case-Laws Customs Tue, 25 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253726