Court Orders Refund with Interest for Coercive Tax Recovery During Search; Deposit Deemed Involuntary. https://www.taxtmi.com/highlights?id=75452 Refund of deposit - reversal of ITC - The amount was allegedly recovered from them during search proceedings - The High Court noted that the deposit in this case lacked voluntariness and contravened CBIC Instructions which prohibits coercive recovery during search proceedings. - Therefore, the court directed the respondents to refund the amount so recovered along with statutory interest @ 6% p.a. from the date of deposit till repayment, within four weeks. en-us Wed, 06 Mar 2024 20:43:52 +0530 Wed, 06 Mar 2024 20:43:52 +0530 TaxTMI RSS Generator Court Orders Refund with Interest for Coercive Tax Recovery During Search; Deposit Deemed Involuntary. https://www.taxtmi.com/highlights?id=75452 Refund of deposit - reversal of ITC - The amount was allegedly recovered from them during search proceedings - The High Court noted that the deposit in this case lacked voluntariness and contravened CBIC Instructions which prohibits coercive recovery during search proceedings. - Therefore, the court directed the respondents to refund the amount so recovered along with statutory interest @ 6% p.a. from the date of deposit till repayment, within four weeks. Highlights GST Wed, 06 Mar 2024 20:43:52 +0530 https://www.taxtmi.com/highlights?id=75452