High Court Orders Refund of Pre-Deposit with Interest, Not Covered by Section 30(1), After Assessee's Favorable Ruling.

High Court Orders Refund of Pre-Deposit with Interest, Not Covered by Section 30(1), After Assessee's Favorable Ruling. https://www.taxtmi.com/highlights?id=71577 Refund of Pre-deposit alongwith interest - Adjustment of pre-deposit with pending demand - A pre-deposit would become refundable the moment an Appellate Authority comes to hold in favour of the assessee and demands come to be annulled. This principally since pre-deposit is not tax or duty and the refund of which alone is regulated by Section 30(1) of the Act - Refund of pre-deposit allowed - HC en-us Tue, 22 Aug 2023 09:09:44 +0530 Tue, 22 Aug 2023 09:09:44 +0530 TaxTMI RSS Generator High Court Orders Refund of Pre-Deposit with Interest, Not Covered by Section 30(1), After Assessee's Favorable Ruling. https://www.taxtmi.com/highlights?id=71577 Refund of Pre-deposit alongwith interest - Adjustment of pre-deposit with pending demand - A pre-deposit would become refundable the moment an Appellate Authority comes to hold in favour of the assessee and demands come to be annulled. This principally since pre-deposit is not tax or duty and the refund of which alone is regulated by Section 30(1) of the Act - Refund of pre-deposit allowed - HC Highlights VAT and Sales Tax Tue, 22 Aug 2023 09:09:44 +0530 https://www.taxtmi.com/highlights?id=71577