SC Upholds Time Limit under Section 38(3) for Refunds under Delhi VAT

Commissioner of Trade and Taxes Vs FEMC Pratibha Joint Venture (Supreme Court of India) In a significant verdict, the Supreme Court of India reaffirmed the mandatory nature of the time limit for refunds under the Delhi Value Added Tax Act, 2004. This article examines the case between the Commissioner of Trade and Taxes and FEMC Pratibha Joint Venture, shedding light on the implications of the court’s decision. The case centered on whether the timeline for refund prescribed in Section 38(3) of the Delhi Value Added Tax Act should be strictly adhered to while adjusting dues against refund ...