https://www.taxtmi.com/caselaws?id=180644 An amendment enlarging the refund period under section 51(4) of the Maharashtra Value Added Tax Act operates prospectively unless the legislature clearly indicates retrospectivity, so the earlier unamended framework governed the relevant assessment periods. Under the conjoint operation of sections 51, 52 and 53, delay in granting a provisional refund attracted statutory interest, and the Tribunal was in directing computation of the delay and payment of interest. The Revenue's challenge accordingly failed, leaving intact the direction to grant interest on the delayed provisional refund for the relevant period. en-us Tue, 24 Mar 2015 00:00:00 +0530 Thu, 31 Mar 2016 10:39:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180644 An amendment enlarging the refund period under section 51(4) of the Maharashtra Value Added Tax Act operates prospectively unless the legislature clearly indicates retrospectivity, so the earlier unamended framework governed the relevant assessment periods. Under the conjoint operation of sections 51, 52 and 53, delay in granting a provisional refund attracted statutory interest, and the Tribunal was in directing computation of the delay and payment of interest. The Revenue's challenge accordingly failed, leaving intact the direction to grant interest on the delayed provisional refund for the relevant period. Case-Laws VAT and Sales Tax Tue, 24 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180644