Supreme Court · 2007 INSC 499 · Decided 30 April 2007
State of Punjab and ORS. v. M/S. Atul Fasteners Limited
- Court
- Supreme Court of India
- Citation
- 2007 INSC 499 · [2007] 5 S.C.R. 1010
- Case number
- CIVIL APPEAL No. 5648/2006
- Decided
- 30 April 2007
- Bench
- S.H. KAPADIA, B. SUDERSHAN REDDY (2-judge bench)
- Outcome
- Case Partly allowed
- Case type
- Civil
Headnote
Sales Tax-Punjab General Sales Tax (Deferment and Exemption) Rules, 1991-Schemefor deferment of tax-Benefit of tax deferment, effective for 7 C years from 1997 till 2004, given in 2001-Claim for refund of tax amount already paid from 1997 to 2001-Granted by High Court-Interest on the refunded is admissible in a lax enactment on two grounds namely 'Agreement' or 'Statutory Provision'-// cannot be granted on the basis of equity under the tax enactment, particularly under statutory schemes D for grant of exemption/deferment-Neither the Deferment Scheme nor the Deferment
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