DVAT: Delhi HC Directs Consideration of Interest Claim under Section 42

Indian Bullion Market 0association Limited Vs Commissioner of Value Added Tax (Delhi High Court) Introduction: The Indian Bullion Market Association Limited recently took legal action against the Commissioner of Value Added Tax regarding the non-payment of interest on a VAT refund. The Delhi High Court issued a directive to consider the interest claim under Section 42 of the DVAT Act within two weeks. Detailed Analysis: The petitioner sought the refund of an amount totaling Rs 1,40,43,039, along with accrued interest. Despite the refund being credited to the petitioner’s account, no inte...