https://www.taxtmi.com/caselaws?id=157224 Section 47(4-A) of the Gujarat Sales Tax Act was explained as a compensatory interest provision incidental to the power of levy and collection of tax, not a penal measure, so it fell within legislative competence and was not a colourable exercise of power. The classification between a dealer in default and the State as a refunding authority was held to be rational, so different interest treatment did not violate article 14. Interest was construed as running from the expiry of the prescribed time or specified date when tax became payable, including sums later determined on assessment or reassessment. en-us Mon, 20 Jan 1992 00:00:00 +0530 Tue, 01 Oct 2013 17:42:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157224 Section 47(4-A) of the Gujarat Sales Tax Act was explained as a compensatory interest provision incidental to the power of levy and collection of tax, not a penal measure, so it fell within legislative competence and was not a colourable exercise of power. The classification between a dealer in default and the State as a refunding authority was held to be rational, so different interest treatment did not violate article 14. Interest was construed as running from the expiry of the prescribed time or specified date when tax became payable, including sums later determined on assessment or reassessment. Case-Laws VAT and Sales Tax Mon, 20 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157224