https://www.taxtmi.com/caselaws?id=415571 The Tribunal upheld the Commissioner's decision, dismissing the Revenue's appeal. The Tribunal held that post-merger, the transactions between the companies were non-taxable due to mutuality, making the tax deposits revenue deposits. Interest had to be paid as per Section 11BB from three months after the refund claim date, in line with statutory provisions and legal precedents. The judgment emphasized adherence to legal principles in determining refund eligibility and interest calculation post-merger, ensuring the appellant's entitlement to interest on the delayed refund claim. en-us Wed, 17 Nov 2021 00:00:00 +0530 Thu, 09 Dec 2021 08:35:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415571 The Tribunal upheld the Commissioner's decision, dismissing the Revenue's appeal. The Tribunal held that post-merger, the transactions between the companies were non-taxable due to mutuality, making the tax deposits revenue deposits. Interest had to be paid as per Section 11BB from three months after the refund claim date, in line with statutory provisions and legal precedents. The judgment emphasized adherence to legal principles in determining refund eligibility and interest calculation post-merger, ensuring the appellant's entitlement to interest on the delayed refund claim. Case-Laws Service Tax Wed, 17 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415571