https://www.taxtmi.com/caselaws?id=786232 Entitlement to interest on delayed VAT refund was affirmed under the statutory refund regime: after reassessment reduced assessed liability, authorities had a duty to refund excess amounts and to act on a bona fide representation; failure to do so entitles the taxpayer to statutory interest. The court found the petitioner made representations and reminders, the refund was made suo moto only after litigation, and awarded interest at 0.5% per month on Rs.60,62,081 from 20.3.2025 until actual payment on 31.10.2025, disposing the petition with that direction. en-us Sat, 31 Jan 2026 00:00:00 +0530 Tue, 10 Feb 2026 07:46:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786232 Entitlement to interest on delayed VAT refund was affirmed under the statutory refund regime: after reassessment reduced assessed liability, authorities had a duty to refund excess amounts and to act on a bona fide representation; failure to do so entitles the taxpayer to statutory interest. The court found the petitioner made representations and reminders, the refund was made suo moto only after litigation, and awarded interest at 0.5% per month on Rs.60,62,081 from 20.3.2025 until actual payment on 31.10.2025, disposing the petition with that direction. Case-Laws VAT / Sales Tax Sat, 31 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786232