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2007 (9) TMI 575 - PUNJAB AND HARYANA HIGH COURTRight to payment of refund as well as payment of interest on delayed refund - Held that:- In light of the above mentioned, we allow these petitions being squarely covered by the judgments of this court in the cases of Ratti Woollen Mills [2007 (2) TMI 587 - PUNJAB AND HARYANA HIGH COURT] and Escotel Mobile Communication Ltd. [2007 (7) TMI 581 - PUNJAB AND HARYANA HIGH COURT] . The impugned order dated June 7, 2007, passed by the Excise and Taxation Commissioner, Haryana, is set aside. The respondents are directed to refund ₹ 5,38,802 in respect of assessment year 1999-2000 along with interest to the assessee-petitioner. The assessee-petitioner is further held entitled to interest on delayed payment of refund of ₹ 2,54,782 in respect of assessment year 1998-99. The interest shall be calculated at the rate of 12 per cent per annum in respect of delay for the first month of delay and at the rate of 18 per cent per annum in respect of delay caused for the subsequent months. The needful shall be done within a period of one month from the date of receipt of a certified copy of this order. The assessee-petitioner is also held entitled to payment of costs of Rs. ten thousand in each of the petition
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