https://www.taxtmi.com/caselaws?id=338267 Where a refund claim is made while reassessment proceedings are pending, the second proviso to the refund provision bars grant of refund until the reassessment is finalised. On that reading, interest on the refundable amount does not accrue from the date of the first refund application merely because the original assessment generated a refundable balance; it becomes payable only after the assessment for the relevant year is finally concluded. The assessee's claim for earlier interest was therefore rejected, and entitlement to interest was confined to the period after finalisation of reassessment. en-us Fri, 06 Jan 2017 00:00:00 +0530 Mon, 30 Jan 2017 21:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338267 Where a refund claim is made while reassessment proceedings are pending, the second proviso to the refund provision bars grant of refund until the reassessment is finalised. On that reading, interest on the refundable amount does not accrue from the date of the first refund application merely because the original assessment generated a refundable balance; it becomes payable only after the assessment for the relevant year is finally concluded. The assessee's claim for earlier interest was therefore rejected, and entitlement to interest was confined to the period after finalisation of reassessment. Case-Laws VAT and Sales Tax Fri, 06 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338267