https://www.taxtmi.com/caselaws?id=257622 Delay in completing the earlier-year assessment was held to undermine the statutory refund set-off mechanism under Section 48(6) of the Maharashtra Value Added Tax Act, 2002. The court noted that any refund due to a dealer must first be appropriated against outstanding liability under the earlier law or the Act, and only the balance, if any, can be dealt with thereafter. Because the earlier assessment remained pending while demand for the subsequent year had already been raised, the authorities were directed to complete the earlier assessment within six weeks and then process the refundable amount in accordance with Section 48(6). The effect on tax, interest and penalty for the later year was left open in the pending appeals. en-us Wed, 04 Feb 2015 00:00:00 +0530 Fri, 11 Mar 2016 10:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257622 Delay in completing the earlier-year assessment was held to undermine the statutory refund set-off mechanism under Section 48(6) of the Maharashtra Value Added Tax Act, 2002. The court noted that any refund due to a dealer must first be appropriated against outstanding liability under the earlier law or the Act, and only the balance, if any, can be dealt with thereafter. Because the earlier assessment remained pending while demand for the subsequent year had already been raised, the authorities were directed to complete the earlier assessment within six weeks and then process the refundable amount in accordance with Section 48(6). The effect on tax, interest and penalty for the later year was left open in the pending appeals. Case-Laws VAT and Sales Tax Wed, 04 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257622