https://www.taxtmi.com/caselaws?id=412574 The Tribunal upheld the Commissioner's decision, dismissing the revenue's appeal regarding a disputed refund claim. It was found that the amount in question was included in the closing stock on 31st March, 2011, and later shown as receivable in the balance sheet on 30th September, 2011. The Tribunal concluded that the refund claim was not hit by unjust enrichment as the amount had not been absorbed in the cost of the final product, supporting the Commissioner's ruling. en-us Thu, 16 Sep 2021 00:00:00 +0530 Wed, 22 Sep 2021 06:16:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412574 The Tribunal upheld the Commissioner's decision, dismissing the revenue's appeal regarding a disputed refund claim. It was found that the amount in question was included in the closing stock on 31st March, 2011, and later shown as receivable in the balance sheet on 30th September, 2011. The Tribunal concluded that the refund claim was not hit by unjust enrichment as the amount had not been absorbed in the cost of the final product, supporting the Commissioner's ruling. Case-Laws Customs Thu, 16 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412574