https://www.taxtmi.com/caselaws?id=150762 Statutory interest under section 8(1-A) of the U.P. Sales Tax Act accrues automatically on unpaid sales tax arrears and is not suspended by a stay order. The reasoning treats the interest liability as created by statute, so the period during which recovery is stayed by a sales tax authority, the State Government, or the High Court cannot be excluded from the computation unless the statute expressly permits it. The stay therefore does not exempt the assessee from penal interest, and the stay period remains part of the interest calculation. en-us Mon, 04 Nov 1974 00:00:00 +0530 Wed, 22 May 2013 13:07:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150762 Statutory interest under section 8(1-A) of the U.P. Sales Tax Act accrues automatically on unpaid sales tax arrears and is not suspended by a stay order. The reasoning treats the interest liability as created by statute, so the period during which recovery is stayed by a sales tax authority, the State Government, or the High Court cannot be excluded from the computation unless the statute expressly permits it. The stay therefore does not exempt the assessee from penal interest, and the stay period remains part of the interest calculation. Case-Laws VAT and Sales Tax Mon, 04 Nov 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150762