https://www.taxtmi.com/caselaws?id=135042 A statutory penalty creating a fresh liability could not be imposed retrospectively on tax assessed under a repealed enactment. Section 24(3) of the Madras General Sales Tax Act, 1959 applied only to failure to pay tax within the notice period under that Act, while the assessment here had been made under the 1939 Act, which contained no such penalty for delayed payment. The saving clause in section 61 preserved liabilities and proceedings already incurred or pending, but did not create a new penalty where none existed under the old law. The penalty demand was therefore invalid and was quashed. en-us Fri, 11 Dec 1964 00:00:00 +0530 Wed, 17 Apr 2013 15:56:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=135042 A statutory penalty creating a fresh liability could not be imposed retrospectively on tax assessed under a repealed enactment. Section 24(3) of the Madras General Sales Tax Act, 1959 applied only to failure to pay tax within the notice period under that Act, while the assessment here had been made under the 1939 Act, which contained no such penalty for delayed payment. The saving clause in section 61 preserved liabilities and proceedings already incurred or pending, but did not create a new penalty where none existed under the old law. The penalty demand was therefore invalid and was quashed. Case-Laws VAT and Sales Tax Fri, 11 Dec 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=135042