https://www.taxtmi.com/caselaws?id=436478 The appeal was successful as the Tribunal ruled in favor of the appellant, granting interest at 12% per annum on the delayed refund from the date of deposit till the date of payment. The department had sanctioned the refund but denied interest, which was contested by the appellant. The Tribunal held that interest should be granted from the date of deposit, citing precedents and rejecting the revenue's arguments. Ultimately, the appellant was entitled to interest on the refunded amount, leading to the appeal being allowed and the impugned order set aside. en-us Tue, 11 Apr 2023 00:00:00 +0530 Fri, 14 Apr 2023 09:00:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436478 The appeal was successful as the Tribunal ruled in favor of the appellant, granting interest at 12% per annum on the delayed refund from the date of deposit till the date of payment. The department had sanctioned the refund but denied interest, which was contested by the appellant. The Tribunal held that interest should be granted from the date of deposit, citing precedents and rejecting the revenue's arguments. Ultimately, the appellant was entitled to interest on the refunded amount, leading to the appeal being allowed and the impugned order set aside. Case-Laws Service Tax Tue, 11 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436478