https://www.taxtmi.com/caselaws?id=128060 Under the Bombay Sales Tax Act, 1953, penalty could be imposed for failure to pay assessed tax after service of notice under section 16 where the amount was not paid by the date specified in the notice. Section 16(4) was read with section 16(5), and "prescribed time" was not confined mechanically to the definition clause because the statutory context showed that section 16(5) itself fixed the payment time by requiring the notice date to be at least thirty days after service. Rule 21 and Form XVII supported that construction. The Court applied contextual interpretation of taxing provisions and held that the penal provision could operate, rejecting the argument that no prescribed time existed. en-us Thu, 21 Jan 1960 00:00:00 +0530 Tue, 26 Mar 2013 13:36:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128060 Under the Bombay Sales Tax Act, 1953, penalty could be imposed for failure to pay assessed tax after service of notice under section 16 where the amount was not paid by the date specified in the notice. Section 16(4) was read with section 16(5), and "prescribed time" was not confined mechanically to the definition clause because the statutory context showed that section 16(5) itself fixed the payment time by requiring the notice date to be at least thirty days after service. Rule 21 and Form XVII supported that construction. The Court applied contextual interpretation of taxing provisions and held that the penal provision could operate, rejecting the argument that no prescribed time existed. Case-Laws VAT and Sales Tax Thu, 21 Jan 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128060