Court Rules Tax Refund Must Be Paid After Indemnity Bond for De-Oiled Rice Bran Under KVAT Act Section 17.

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....Demand of tax refund earlier - obtained de-oiled rice bran as a by-product - partial rebate under Section 17 of the KVAT Act - Once indemnity bond is furnished, the payment of tax refunded is mandatory and the same cannot be assailed by the petitioner. - HC....