No Interest on DVAT Refund Delay Due to Incorrect Bank Details: Delhi HC

Lithium Urban Technologies Pvt. Ltd Vs Commissioner of Value Added Tax & Anr. (Delhi High Court) Delhi High Court Rules Against Interest on VAT Refund Delay Due to Taxpayer Error New Delhi: The Delhi High Court has dismissed a petition seeking interest on a delayed Value Added Tax (VAT) refund, ruling that the delay was attributable to the petitioner providing incorrect bank details. The judgment, delivered through hybrid mode, underscores the taxpayer’s responsibility to ensure accurate information is on record with the tax authorities for timely processing of refunds and associated...