https://www.taxtmi.com/caselaws?id=158202 Where recovery of a sales tax demand was stayed pending appeal and the assessee furnished security, penal interest could not be levied for the stayed period because recovery itself stood suspended. After the appellate order reduced the tax liability, section 23(5) of the Kerala General Sales Tax Act, 1963 required proportionate reduction of penal interest, so interest could be charged only on the reduced amount from the date of the appellate order until payment. Any excess interest demand for the earlier stay period was unsustainable and refundable. en-us Thu, 22 Sep 1994 00:00:00 +0530 Fri, 18 Oct 2013 11:51:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158202 Where recovery of a sales tax demand was stayed pending appeal and the assessee furnished security, penal interest could not be levied for the stayed period because recovery itself stood suspended. After the appellate order reduced the tax liability, section 23(5) of the Kerala General Sales Tax Act, 1963 required proportionate reduction of penal interest, so interest could be charged only on the reduced amount from the date of the appellate order until payment. Any excess interest demand for the earlier stay period was unsustainable and refundable. Case-Laws VAT and Sales Tax Thu, 22 Sep 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158202