2014 (11) TMI 775 - HC - Central Excise

Denial of refund claim - Whether refund claim is liable to be rejected on ground of unjust enrichment u/s 11B - Bombay High Court admitted appeal of Assessee against the decision of Tribunal 2012 (7) TMI 231 - CESTAT, MUMBAI on the following substantial questions of law - Whether in the facts and circumstances of the case the Income Tax Appellate Tribunal was justified in disallowing refund of ₹ 15,33,713/- to the appellant by holding that the refund claim of the appellant is hit by the bar of unjust enrichment?

Summary

The High Court of Bombay heard an appeal regarding the disallowance of a refund claim of Rs. 15,33,713 on the grounds of unjust enrichment by the Income Tax Appellate Tribunal. The appeal was admitted based on substantial questions of law. Mr. Mishra waived service for the respondent.