https://www.taxtmi.com/caselaws?id=463752 Where a dealer deposited excess security for issuance of Form-31 and that excess amount was admitted to be refundable, interest was payable on the wrongfully retained sum from the date of deposit until refund. The Court applied the principle that retention of money without justification attracts interest and upheld interest at 15% on the excess deposit. The Tribunal's direction to award interest was sustained on that basis. en-us Tue, 10 Aug 2010 00:00:00 +0530 Mon, 15 Sep 2025 17:40:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463752 Where a dealer deposited excess security for issuance of Form-31 and that excess amount was admitted to be refundable, interest was payable on the wrongfully retained sum from the date of deposit until refund. The Court applied the principle that retention of money without justification attracts interest and upheld interest at 15% on the excess deposit. The Tribunal's direction to award interest was sustained on that basis. Case-Laws VAT / Sales Tax Tue, 10 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463752