https://www.taxtmi.com/caselaws?id=786232 Statutory interest was held payable on a delayed refund of excess tax because the reassessment reduced the tax liability and the authorities did not process the refund promptly after the taxpayer's representations. The Court applied Section 39(5) of the Chhattisgarh Value Added Tax Act, 2005 and held that once refund was made beyond the permissible time, the statutory consequence of interest followed for the period the amount remained unpaid. Relief was confined to interest on the refunded sum, and the refunding authority was directed to release that interest within the stipulated time. 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 Statutory interest was held payable on a delayed refund of excess tax because the reassessment reduced the tax liability and the authorities did not process the refund promptly after the taxpayer's representations. The Court applied Section 39(5) of the Chhattisgarh Value Added Tax Act, 2005 and held that once refund was made beyond the permissible time, the statutory consequence of interest followed for the period the amount remained unpaid. Relief was confined to interest on the refunded sum, and the refunding authority was directed to release that interest within the stipulated time. Case-Laws VAT / Sales Tax Sat, 31 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786232