https://www.taxtmi.com/caselaws?id=160092 Penal interest under section 23(3) of the Kerala General Sales Tax Act is attracted only on a strict construction of the provision and not where the assessee filed the return on time, disclosed all relevant particulars, and paid the admitted tax on a bona fide computation. Where the additional liability arose only after a later reassessment based on subsequent judicial authority, the earlier payment of tax shown in the return did not amount to default. The demand for penal interest was therefore unsustainable on these facts, distinguishing situations involving failure to file a return, non-payment of disclosed tax, or non-compliance with a valid demand. 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 Penal interest under section 23(3) of the Kerala General Sales Tax Act is attracted only on a strict construction of the provision and not where the assessee filed the return on time, disclosed all relevant particulars, and paid the admitted tax on a bona fide computation. Where the additional liability arose only after a later reassessment based on subsequent judicial authority, the earlier payment of tax shown in the return did not amount to default. The demand for penal interest was therefore unsustainable on these facts, distinguishing situations involving failure to file a return, non-payment of disclosed tax, or non-compliance with a valid demand. Case-Laws VAT and Sales Tax Mon, 05 Jun 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160092