Withholding Tax Refunds Without Valid Reason Violates Section 55 of JVAT Act: Jharkhand High Court
In a major tax dispute, M/s. Castrol India Limited approached the Jharkhand High Court through W.P. (T) No. 7091 of 2023 seeking refund of Rs. 1,47,62,037/- along with statutory interest under Section 55 of the Jharkhand Value Added Tax Act, 2005 (JVAT Act) for Assessment Year 2011-12. The company claimed that the refund had been unjustly withheld and delayed by the Commercial Taxes Department of Jharkhand, violating their fundamental rights…
