https://www.taxtmi.com/caselaws?id=159026 Interest under section 8(1) of the U.P. Sales Tax Act was not leviable where the dealer had disclosed its tax position in the return on a bona fide understanding that the relevant sales were not completed in the year in question. That bona fide contention meant there was no default in the statutory obligation to pay the tax as returned. The earlier restoration of interest rested on a Supreme Court decision that was later overruled, and once that precedent ceased to be good law, the basis for treating the dealer as in default disappeared. en-us Wed, 06 Dec 1995 00:00:00 +0530 Wed, 13 Nov 2013 15:45:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159026 Interest under section 8(1) of the U.P. Sales Tax Act was not leviable where the dealer had disclosed its tax position in the return on a bona fide understanding that the relevant sales were not completed in the year in question. That bona fide contention meant there was no default in the statutory obligation to pay the tax as returned. The earlier restoration of interest rested on a Supreme Court decision that was later overruled, and once that precedent ceased to be good law, the basis for treating the dealer as in default disappeared. Case-Laws VAT and Sales Tax Wed, 06 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159026