https://www.taxtmi.com/caselaws?id=159962 The High Court dismissed all revisions, upholding the Tribunal's decisions on the rejection of account books and deletion of interest under the Central Sales Tax Act. It emphasized the need for concrete grounds to reject account books and the requirement of a specific provision for levying interest on tax payments. The Court agreed that excess electricity consumption and lower recovery of rice were insufficient reasons to reject the account books and clarified that interest can only be charged if explicitly provided for in the relevant statute, which was not the case under the Central Sales Tax Act. en-us Fri, 20 Mar 1998 00:00:00 +0530 Fri, 06 Dec 2013 11:43:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159962 The High Court dismissed all revisions, upholding the Tribunal's decisions on the rejection of account books and deletion of interest under the Central Sales Tax Act. It emphasized the need for concrete grounds to reject account books and the requirement of a specific provision for levying interest on tax payments. The Court agreed that excess electricity consumption and lower recovery of rice were insufficient reasons to reject the account books and clarified that interest can only be charged if explicitly provided for in the relevant statute, which was not the case under the Central Sales Tax Act. Case-Laws VAT and Sales Tax Fri, 20 Mar 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159962