https://www.taxtmi.com/caselaws?id=128449 A taxing statute creates liability on the occurrence of the taxable event, while assessment merely quantifies the amount payable. Repeal does not extinguish a liability already acquired, accrued, or incurred where the repealing law contains a saving clause preserving taxes and other sums that became payable before the effective date, and the general saving principle under the Madras General Clauses Act also protects such liabilities. On that basis, liability for additional sales tax on the relevant turnover survived the repeal of the special sales tax Act, and the later assessment did not defeat the levy. en-us Tue, 09 Jan 1962 00:00:00 +0530 Fri, 05 Apr 2013 17:56:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128449 A taxing statute creates liability on the occurrence of the taxable event, while assessment merely quantifies the amount payable. Repeal does not extinguish a liability already acquired, accrued, or incurred where the repealing law contains a saving clause preserving taxes and other sums that became payable before the effective date, and the general saving principle under the Madras General Clauses Act also protects such liabilities. On that basis, liability for additional sales tax on the relevant turnover survived the repeal of the special sales tax Act, and the later assessment did not defeat the levy. Case-Laws VAT and Sales Tax Tue, 09 Jan 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128449