https://www.taxtmi.com/caselaws?id=191051 Interest was held payable on the tax amount refunded by the department because the exemption already granted to the petitioner was valid and the tax deposited under the earlier direction was refundable. The Court noted that the department had returned only the principal and withheld the interest component, and reaffirmed that interest is the normal accretion on capital. Relying on its earlier decision, the Court directed payment of interest on the refunded amount from the date of deposit until refund. en-us Tue, 08 Aug 2000 00:00:00 +0530 Sat, 18 Mar 2017 14:46:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191051 Interest was held payable on the tax amount refunded by the department because the exemption already granted to the petitioner was valid and the tax deposited under the earlier direction was refundable. The Court noted that the department had returned only the principal and withheld the interest component, and reaffirmed that interest is the normal accretion on capital. Relying on its earlier decision, the Court directed payment of interest on the refunded amount from the date of deposit until refund. Case-Laws VAT and Sales Tax Tue, 08 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191051