https://www.taxtmi.com/highlights?id=79454 Petitioner paid Rs. 8,46,84,821/- under Settlement Scheme for 2010-2011, against which Respondents recovered Rs. 19,16,74,501/-, resulting in excess collection of Rs. 10,69,89,606/-. Respondents adjusted Petitioner's refund of Rs. 10,69,89,606/- for 2011-2012 against non-existent demand for 2010-2011, without authority. Defect notice u/s 11 of Settlement Scheme was contrary to law as Petitioner made excess payment, not shortfall. Section 18 of Settlement Scheme, prohibiting refund, is inapplicable as Petitioner seeks refund of 2011-2012, not amount paid under Settlement Scheme. HC directed Respondents to refund Rs. 10,69,89,606/- with 6% interest from 1st June 2019 till payment date u/s 52 read with Rule 88 of MVAT Rules. en-us Wed, 17 Jul 2024 08:04:54 +0530 Wed, 17 Jul 2024 08:04:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79454 Petitioner paid Rs. 8,46,84,821/- under Settlement Scheme for 2010-2011, against which Respondents recovered Rs. 19,16,74,501/-, resulting in excess collection of Rs. 10,69,89,606/-. Respondents adjusted Petitioner's refund of Rs. 10,69,89,606/- for 2011-2012 against non-existent demand for 2010-2011, without authority. Defect notice u/s 11 of Settlement Scheme was contrary to law as Petitioner made excess payment, not shortfall. Section 18 of Settlement Scheme, prohibiting refund, is inapplicable as Petitioner seeks refund of 2011-2012, not amount paid under Settlement Scheme. HC directed Respondents to refund Rs. 10,69,89,606/- with 6% interest from 1st June 2019 till payment date u/s 52 read with Rule 88 of MVAT Rules. Highlights VAT and Sales Tax Wed, 17 Jul 2024 08:04:54 +0530 https://www.taxtmi.com/highlights?id=79454