2022 (11) TMI 263

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....resentative for the respondent ORDER ANIL CHOUDHARY: Heard the parties. 2. The issue in this appeal is whether the appellant have been granted correct amount of interest for the correct period on the deposit made during the investigation, pursuant to being successful in appeal. 3. The brief facts are that the appellant is a builder engaged in construction of residential complex. In the course....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... rejected. Further, interest was allowed for the period from date of filing appeal till the date of grant of refund. 4. Being aggrieved, the appellant preferred appeal before the Commissioner (Appeals) who vide impugned order have been pleased to reject the appeal vide impugned order dated 03/11/2020. Revenue had also filed Cross Appeal before the Commissioner (Appeals), on the ground that no int....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....AR relies on the impugned order, he further states that the notified date of interest under Section 35FF is 6%. 7. Having considered the rival contentions, following the ruling of the Division Bench in the case of Parle Agro Ltd. (Supra), I hold that the appellant is entitled to interest from the date of deposit till the date of refund @ 12% P.A. Adjudicating Authority is directed to grant the ba....