https://www.taxtmi.com/caselaws?id=441956 Refund was rightly granted where the refusal order was unsupported by reasons after the assessment had been quashed and remanded, and the principal refund amount had already been deposited in the tax proceedings. The dispute therefore narrowed to interest on the delayed refund. The High Court's interest award was modified: instead of 12% for the first month of delay and 18% thereafter, interest was confined to 12% per annum for the entire period. The appeal accordingly failed on the refund issue, while the interest obligation was reduced. en-us Wed, 09 Aug 2023 00:00:00 +0530 Tue, 22 Aug 2023 09:09:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=441956 Refund was rightly granted where the refusal order was unsupported by reasons after the assessment had been quashed and remanded, and the principal refund amount had already been deposited in the tax proceedings. The dispute therefore narrowed to interest on the delayed refund. The High Court's interest award was modified: instead of 12% for the first month of delay and 18% thereafter, interest was confined to 12% per annum for the entire period. The appeal accordingly failed on the refund issue, while the interest obligation was reduced. Case-Laws VAT and Sales Tax Wed, 09 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=441956