https://www.taxtmi.com/caselaws?id=160092 The court held that the petitioner, a PVC pipe manufacturing firm, was not liable to pay penal interest under Section 23(3) of the Kerala General Sales Tax Act, 1963. Despite a subsequent demand for additional tax and surcharge, as the petitioner filed the return in time, disclosed all particulars, and paid the tax as per the return in good faith, penal interest was deemed inapplicable. Citing the Supreme Court's decision in J.K. Synthetics Ltd., the court set aside the demands for penal interest, ruling in favor of the petitioner. en-us Mon, 05 Jun 2000 00:00:00 +0530 Mon, 09 Dec 2013 16:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160092 The court held that the petitioner, a PVC pipe manufacturing firm, was not liable to pay penal interest under Section 23(3) of the Kerala General Sales Tax Act, 1963. Despite a subsequent demand for additional tax and surcharge, as the petitioner filed the return in time, disclosed all particulars, and paid the tax as per the return in good faith, penal interest was deemed inapplicable. Citing the Supreme Court's decision in J.K. Synthetics Ltd., the court set aside the demands for penal interest, ruling in favor of the petitioner. Case-Laws VAT and Sales Tax Mon, 05 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160092