https://www.taxtmi.com/caselaws?id=470208 Contractual security deposit provisions required release one year after completion, including the operation and maintenance period. As the project was completed, the completion certificate issued, and the release period expired, final-payment provisions did not justify continued withholding without a timely objection. Belated audit objections concerning excise-duty exemption and an alleged unintended benefit lacked an identified contractual recovery basis, while audit records showed no pending project-related Public Accounts Committee paragraphs. The deposit was therefore required to be released; a separately initiated enquiry may continue in accordance with law. en-us Mon, 20 Jan 2025 00:00:00 +0530 Mon, 20 Jul 2026 20:32:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470208 Contractual security deposit provisions required release one year after completion, including the operation and maintenance period. As the project was completed, the completion certificate issued, and the release period expired, final-payment provisions did not justify continued withholding without a timely objection. Belated audit objections concerning excise-duty exemption and an alleged unintended benefit lacked an identified contractual recovery basis, while audit records showed no pending project-related Public Accounts Committee paragraphs. The deposit was therefore required to be released; a separately initiated enquiry may continue in accordance with law. Case-Laws Indian Laws Mon, 20 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470208