https://www.taxtmi.com/caselaws?id=157758 Section 11-D(2) of the Punjab General Sales Tax Act, 1948 was treated as a recovery and compensatory provision, not a fresh charging provision. Interest on delayed payment of assessed tax became payable once the tax remained unpaid after the provision came into force and the notice period expired, even if the assessment year pre-dated the amendment. The rule against retrospective operation of taxing amendments was held inapplicable because the provision governed interest on existing arrears rather than creation of new tax liability. The reference was answered in favour of the Revenue. en-us Mon, 11 Jan 1993 00:00:00 +0530 Thu, 10 Oct 2013 14:40:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157758 Section 11-D(2) of the Punjab General Sales Tax Act, 1948 was treated as a recovery and compensatory provision, not a fresh charging provision. Interest on delayed payment of assessed tax became payable once the tax remained unpaid after the provision came into force and the notice period expired, even if the assessment year pre-dated the amendment. The rule against retrospective operation of taxing amendments was held inapplicable because the provision governed interest on existing arrears rather than creation of new tax liability. The reference was answered in favour of the Revenue. Case-Laws VAT and Sales Tax Mon, 11 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157758