TMI Blog2017 (10) TMI 1282X X X X Extracts X X X X X X X X Extracts X X X X ..... ar 2015-2016 due to finalization and that the said amount has not been recovered by the appellant from any person - refund allowed in cash - appeal allowed - decided in favor of appellant. - Appeal No.C/10358/2017 - Order No.A/13722/2017 - Dated:- 12-10-2017 - Mr. M. V. Ravindran, J. For Appellant (s) : Ms. Dimple Gohil Advocate For Respondent (s): Shri L. Patra, AR Mr. M. V. Rav ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ,85,665/- and an amount of ₹ 1,34,894/- has been held as refund, but, appellant being not able to cross hurdle of unjust enrichment, the said amount has been credited to the Consumer Welfare Fund. The reasons recorded by the lower authorities for rejection of refund of an amount of 1,34,894/- is that the said amount has been shown as receivables in subsequent financial year the chartered ac ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ertificate by the lower authorities seems to be erroneous as chartered accountant has clearly stated that the amount of 1,34,894/- has been shown as receivable in the year 2015-2016 due to finalization and that the said amount has not been recovered by the appellant from any person. 5.3 Lastly, the statutory auditors have also subsequently recorded in the final reports for the year 2015-2016 th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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