https://www.taxtmi.com/caselaws?id=795724 Statutory interest on a tax refund remains payable under Section 56 of the Rajasthan Sales Tax Act, 1994 when the refund follows withdrawal of a departmental revision under the monetary-limit litigation policy. Every refundable amount carries interest at fifteen per cent per annum from the date of deposit, and the provision does not permit interest to be withheld because the underlying litigation ended through policy-based withdrawal. The assessee is therefore entitled to interest on the refunded amount. en-us Fri, 17 Jul 2026 00:00:00 +0530 Mon, 27 Jul 2026 08:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795724 Statutory interest on a tax refund remains payable under Section 56 of the Rajasthan Sales Tax Act, 1994 when the refund follows withdrawal of a departmental revision under the monetary-limit litigation policy. Every refundable amount carries interest at fifteen per cent per annum from the date of deposit, and the provision does not permit interest to be withheld because the underlying litigation ended through policy-based withdrawal. The assessee is therefore entitled to interest on the refunded amount. Case-Laws VAT / Sales Tax Fri, 17 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795724