Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
No Interest on VAT Refund for the Period When Dealer Caused the Delay: Delhi High Court
The Delhi High Court ruled that no interest is payable on VAT (Value Added Tax) refunds for the period during which the dealer caused the delay in processing the refund. The court held that the tax authorities are not liable to pay interest for the portion of the delay that is attributable to the assessee's own actions or omissions in providing the necessary information or completing the required procedures for the refund.