https://www.taxtmi.com/caselaws?id=161009 Interest was held not leviable where the assessee had paid tax in accordance with the return, because the governing provisions were materially similar to those considered in the controlling Supreme Court precedent. The earlier Tribunal basis was treated as no longer tenable, and later reassessment of taxable turnover did not itself justify charging interest. The High Court also declined to require a formal reference to the Tribunal, since the facts were admitted and the applicable law had already been settled, avoiding unnecessary procedural delay. The question was answered in favour of the assessee. en-us Tue, 24 Jul 2001 00:00:00 +0530 Sat, 28 Dec 2013 13:25:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161009 Interest was held not leviable where the assessee had paid tax in accordance with the return, because the governing provisions were materially similar to those considered in the controlling Supreme Court precedent. The earlier Tribunal basis was treated as no longer tenable, and later reassessment of taxable turnover did not itself justify charging interest. The High Court also declined to require a formal reference to the Tribunal, since the facts were admitted and the applicable law had already been settled, avoiding unnecessary procedural delay. The question was answered in favour of the assessee. Case-Laws VAT and Sales Tax Tue, 24 Jul 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161009