https://www.taxtmi.com/caselaws?id=159940 Penal interest could not be levied for any period before assessment where liability to turnover tax was disputed in the returns and had not been admitted by the assessees. Because tax became payable only after completion of assessment, rejection of the returns, and issuance of demand notices, no enforceable default arose earlier. The demand for arrears of penal interest relating to the pre-assessment period was therefore unsustainable and was quashed. en-us Tue, 10 Mar 1998 00:00:00 +0530 Thu, 05 Dec 2013 17:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159940 Penal interest could not be levied for any period before assessment where liability to turnover tax was disputed in the returns and had not been admitted by the assessees. Because tax became payable only after completion of assessment, rejection of the returns, and issuance of demand notices, no enforceable default arose earlier. The demand for arrears of penal interest relating to the pre-assessment period was therefore unsustainable and was quashed. Case-Laws VAT and Sales Tax Tue, 10 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159940