https://www.taxtmi.com/caselaws?id=433488 Where the limitation period for assessment and reassessment has expired and no such proceedings are pending, a refundable tax amount disclosed in a self-assessment return cannot be withheld. The Court noted that the refund arose from the annual VAT return and that the statutory period for assessment and reassessment had already lapsed. On that basis, the refund had to be released and statutory interest was payable on the refundable amount. en-us Thu, 08 Dec 2022 00:00:00 +0530 Wed, 01 Feb 2023 08:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=433488 Where the limitation period for assessment and reassessment has expired and no such proceedings are pending, a refundable tax amount disclosed in a self-assessment return cannot be withheld. The Court noted that the refund arose from the annual VAT return and that the statutory period for assessment and reassessment had already lapsed. On that basis, the refund had to be released and statutory interest was payable on the refundable amount. Case-Laws VAT and Sales Tax Thu, 08 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=433488