https://www.taxtmi.com/caselaws?id=154403 Under the Bombay Sales Tax Act, an unconditional extension of time for payment meant that tax paid within the extended period was treated as timely, so no penalty could be levied under section 36(3). By contrast, where the extension or instalment order expressly reserved the right to impose penalty, the concession did not amount to a waiver of penal consequences, and liability under the penalty provision remained. The court accordingly distinguished between unconditional and conditional extensions, holding that penalty was barred in the first situation but valid in the second. en-us Thu, 13 Mar 1986 00:00:00 +0530 Mon, 19 Aug 2013 17:16:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154403 Under the Bombay Sales Tax Act, an unconditional extension of time for payment meant that tax paid within the extended period was treated as timely, so no penalty could be levied under section 36(3). By contrast, where the extension or instalment order expressly reserved the right to impose penalty, the concession did not amount to a waiver of penal consequences, and liability under the penalty provision remained. The court accordingly distinguished between unconditional and conditional extensions, holding that penalty was barred in the first situation but valid in the second. Case-Laws VAT and Sales Tax Thu, 13 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154403