https://www.taxtmi.com/caselaws?id=162462 Purchase of old ornaments was treated as taxable at 1% after the notification dated 7 September 1981, and the levy was upheld for the relevant period. On the interest question, liability under section 8(1) was held not to arise where the tax liability had not been admitted, the issue remained debatable, and the assessee acted under a bona fide belief that purchase tax was not payable. The Tribunal's order was sustained: the tax levy remained in force, while the interest demand was set aside. en-us Thu, 27 Mar 2003 00:00:00 +0530 Thu, 27 Feb 2014 14:18:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162462 Purchase of old ornaments was treated as taxable at 1% after the notification dated 7 September 1981, and the levy was upheld for the relevant period. On the interest question, liability under section 8(1) was held not to arise where the tax liability had not been admitted, the issue remained debatable, and the assessee acted under a bona fide belief that purchase tax was not payable. The Tribunal's order was sustained: the tax levy remained in force, while the interest demand was set aside. Case-Laws VAT and Sales Tax Thu, 27 Mar 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162462