Revenue to grant refund with interest if its stay application against refund order was dismissed by Tribunal
[2015] 56 taxmann.com 348 (Karnataka)
HIGH COURT OF KARNATAKA
Madura Coats (P.) Ltd.
v.
Union of India
Section 11B of the Central Excise Act, 1944, read with sections 66A and 83 of the Finance Act, 1994 and section 27 of the Customs Act, 1962
Where refund has been ordered by Commissioner (Appeals) and stay against said judgment is declined by Tribunal, there is no reason for revenue to stop refund; hence, department must grant refund with interest
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