https://www.taxtmi.com/caselaws?id=433487 Where the period for assessment or reassessment under the VAT regime had expired and no such proceeding was pending, a refund of unutilised input tax credit claimed in the self-assessment return could not be withheld. The refund was held maintainable, and the authorities were bound to release it together with statutory interest. The self-assessment return for the relevant year therefore entitled the taxpayer to payment of the refund within the stipulated time, and the claim could not be defeated merely because the refund arose from the return for that assessment year. en-us Thu, 08 Dec 2022 00:00:00 +0530 Wed, 01 Feb 2023 08:54:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433487 Where the period for assessment or reassessment under the VAT regime had expired and no such proceeding was pending, a refund of unutilised input tax credit claimed in the self-assessment return could not be withheld. The refund was held maintainable, and the authorities were bound to release it together with statutory interest. The self-assessment return for the relevant year therefore entitled the taxpayer to payment of the refund within the stipulated time, and the claim could not be defeated merely because the refund arose from the return for that assessment year. Case-Laws VAT and Sales Tax Thu, 08 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433487