Denial of Interest on service tax refund specious – Bombay high court

Shroff United Chemicals Limited. versus The Union of India and others (Mumbai High Court) – The Bombay high court last week described the denial of interest on refund of service tax by the deputy commissioner as “specious” in the case, Shroff United Chemicals Ltd vs Union of India. It asked the revenue authorities to pay interest for the delayed refund. The firm, in anticipation of import of intellectual property services, had obtained service tax registration. It then approached the Reserve Bank for the remittance of funds abroad, for a proposed acquisition of the registration of ce...