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    <title>1987 (8) TMI 417 - JAMMU AND KASHMIR HIGH COURT</title>
    <link>https://www.taxtmi.com/caselaws?id=155359</link>
    <description>A stay of recovery of a tax demand does not suspend statutory interest liability unless the Act expressly so provides. The court noted that the stay merely postponed recovery of the assessed tax and gave no immunity from interest under section 18(3) of the General Sales Tax Act. The liability to pay interest remained independent of pending writ proceedings, and the authority had no discretion to waive it on the ground that recovery was stayed. Accordingly, interest remained recoverable despite the stay order, and the challenge to the levy of interest failed.</description>
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    <pubDate>Fri, 28 Aug 1987 00:00:00 +0530</pubDate>
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      <title>1987 (8) TMI 417 - JAMMU AND KASHMIR HIGH COURT</title>
      <link>https://www.taxtmi.com/caselaws?id=155359</link>
      <description>A stay of recovery of a tax demand does not suspend statutory interest liability unless the Act expressly so provides. The court noted that the stay merely postponed recovery of the assessed tax and gave no immunity from interest under section 18(3) of the General Sales Tax Act. The liability to pay interest remained independent of pending writ proceedings, and the authority had no discretion to waive it on the ground that recovery was stayed. Accordingly, interest remained recoverable despite the stay order, and the challenge to the levy of interest failed.</description>
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      <pubDate>Fri, 28 Aug 1987 00:00:00 +0530</pubDate>
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