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VAT - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Interest on refund of Tax demand – Interest to be granted from ...


Court Rules Interest on Tax Refunds Starts from Deposit Date, Not Assessment Order Date.

August 26, 2015

Case Laws     VAT and Sales Tax     HC

Interest on refund of Tax demand – Interest to be granted from date of deposit or from the date of assessment order – Revenue suffers no loss thereby for it has enjoyed benefit of money during period - interest allowed from the date of deposit - HC

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