https://www.taxtmi.com/caselaws?id=154967 For tax due before 11 May 1973 but paid after that date, penalty for delayed payment under section 36(3) of the Bombay Sales Tax Act, 1959 was held to be governed by the rate applicable when the default arose, not the later enhanced rate. The court applied the Supreme Court ruling in Maya Rani Punj on computation of delay penalty for the relevant period and rejected application of the increased rate. The reference was answered against the assessee and in favour of the Revenue. en-us Mon, 24 Feb 1986 00:00:00 +0530 Fri, 30 Aug 2013 16:45:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154967 For tax due before 11 May 1973 but paid after that date, penalty for delayed payment under section 36(3) of the Bombay Sales Tax Act, 1959 was held to be governed by the rate applicable when the default arose, not the later enhanced rate. The court applied the Supreme Court ruling in Maya Rani Punj on computation of delay penalty for the relevant period and rejected application of the increased rate. The reference was answered against the assessee and in favour of the Revenue. Case-Laws VAT and Sales Tax Mon, 24 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154967