https://www.taxtmi.com/caselaws?id=279384 Interest on refund of tax recovered during pendency of an appeal was held to run from the date of recovery until the date of actual refund, because the appellate order merely modified the original assessment and the refund remained linked to that assessment under the doctrine of merger. The court also held that the applicable rate was governed by the later VAT regime in force when the recovery and refund arose, not the repealed sales tax law applicable to the original tax period. Accordingly, refund interest was payable up to actual payment, but only at 6% per annum rather than 9% per annum. en-us Thu, 19 Apr 2018 00:00:00 +0530 Fri, 15 Mar 2019 07:31:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279384 Interest on refund of tax recovered during pendency of an appeal was held to run from the date of recovery until the date of actual refund, because the appellate order merely modified the original assessment and the refund remained linked to that assessment under the doctrine of merger. The court also held that the applicable rate was governed by the later VAT regime in force when the recovery and refund arose, not the repealed sales tax law applicable to the original tax period. Accordingly, refund interest was payable up to actual payment, but only at 6% per annum rather than 9% per annum. Case-Laws VAT and Sales Tax Thu, 19 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279384