https://www.taxtmi.com/caselaws?id=436407 Amounts deposited during investigation are treated as deposits under protest for refund purposes, and delayed-refund interest is payable from the date of deposit until the date of refund. The approach noted that the assessee is entitled to interest where the refund is not made promptly, and prior Tribunal and jurisdictional High Court decisions were relied on to support interest at 12% per annum. The contrary view that interest would arise only after the statutory period under section 35FF was not accepted on the facts discussed, and the refund was treated as carrying interest from the date of deposit. en-us Thu, 06 Apr 2023 00:00:00 +0530 Thu, 13 Apr 2023 07:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436407 Amounts deposited during investigation are treated as deposits under protest for refund purposes, and delayed-refund interest is payable from the date of deposit until the date of refund. The approach noted that the assessee is entitled to interest where the refund is not made promptly, and prior Tribunal and jurisdictional High Court decisions were relied on to support interest at 12% per annum. The contrary view that interest would arise only after the statutory period under section 35FF was not accepted on the facts discussed, and the refund was treated as carrying interest from the date of deposit. Case-Laws Service Tax Thu, 06 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436407