https://www.taxtmi.com/caselaws?id=431344 The court ordered the respondents to refund the interest component along with the principal amount to the petitioner. Interest was granted at the statutory rate from the date of filing refund applications until the payment of the principal amount for both periods. The court found no valid defense for denying interest to the petitioner and emphasized that interest compensates for the money the petitioner could not utilize. The judgment disposed of the writ petition by awarding interest for both periods until the principal amount was paid. en-us Thu, 24 Nov 2022 00:00:00 +0530 Mon, 12 Dec 2022 06:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431344 The court ordered the respondents to refund the interest component along with the principal amount to the petitioner. Interest was granted at the statutory rate from the date of filing refund applications until the payment of the principal amount for both periods. The court found no valid defense for denying interest to the petitioner and emphasized that interest compensates for the money the petitioner could not utilize. The judgment disposed of the writ petition by awarding interest for both periods until the principal amount was paid. Case-Laws VAT and Sales Tax Thu, 24 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431344