https://www.taxtmi.com/caselaws?id=766503 Tax amounts deposited as a condition for stay during appeal had to be adjusted against the demand finally assessed after remand, and the excess was refundable. Where the reassessment substantially reduced the liability, continued retention of the larger deposits was impermissible and amounted to unjust enrichment and unlawful exaction. The court also directed payment of interest on the refundable excess and costs, reflecting that the taxpayer was entitled to restitution of amounts collected beyond the final tax demand. en-us Wed, 19 Feb 2025 00:00:00 +0530 Thu, 27 Feb 2025 08:14:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766503 Tax amounts deposited as a condition for stay during appeal had to be adjusted against the demand finally assessed after remand, and the excess was refundable. Where the reassessment substantially reduced the liability, continued retention of the larger deposits was impermissible and amounted to unjust enrichment and unlawful exaction. The court also directed payment of interest on the refundable excess and costs, reflecting that the taxpayer was entitled to restitution of amounts collected beyond the final tax demand. Case-Laws VAT / Sales Tax Wed, 19 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766503