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VAT - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Claim of interest on refund - Refund claim was adjusted towards ...


Court Approves Interest Claim on Tax Refund Adjusted for Penalty, Allowing Taxpayer Compensation for Delayed Refund.

May 29, 2015

Case Laws     VAT and Sales Tax     HC

Claim of interest on refund - Refund claim was adjusted towards penalty imposed - claim of interest allowed - HC

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  1. The assessee claimed additional interest u/s 244A(1A) for the delayed refund. The AO incorrectly adjusted the refund against the tax component instead of first adjusting...

  2. The Income Tax Appellate Tribunal held that the refund granted to the assessee should be first adjusted against the correct amount of interest due, and the remaining...

  3. The appellants challenged the order of the Commissioner (Appeals) denying eligible interest on the refunded amount. The court held that interest accrued on the deposited...

  4. Rejection of claim for interest on delayed refund - If the claim for refund itself was not maintainable in law, the question of grant of interest does not arise. The...

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  6. Interest on Delayed Refund of Input Tax Credit - Proviso to Section 56 specified increased interest rates for refunds arising from orders of adjudicating or appellate...

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  8. Refund claims – unjust enrichment – service tax paid under protest – refund allowed - AT

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  12. CBIC clarifies procedure for departmental appeals regarding interest/penalty under Section 128A of CGST Act. Where taxpayers have fully paid tax demands under Section 73...

  13. Rectification u/s 154 - refund of taxes paid in foreign country - The High court noted that the Hon'ble Apex Court had expressly overruled the AAR order in a previous...

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