https://www.taxtmi.com/caselaws?id=162668 Interest cannot be levied for any period before tax liability is finally determined and demand is raised in revisional proceedings, particularly where the assessee had already paid the tax shown in the returns and the original assessment had accepted that position. The legal position noted is that, absent prior evasion or an admitted outstanding liability, interest does not accrue merely because a revisional authority later initiates suo motu action and creates a demand thereafter. The assessee is therefore not liable for interest for the pre-demand period under the Punjab General Sales Tax Act, 1948. en-us Thu, 27 Jul 2006 00:00:00 +0530 Wed, 12 Mar 2014 14:33:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162668 Interest cannot be levied for any period before tax liability is finally determined and demand is raised in revisional proceedings, particularly where the assessee had already paid the tax shown in the returns and the original assessment had accepted that position. The legal position noted is that, absent prior evasion or an admitted outstanding liability, interest does not accrue merely because a revisional authority later initiates suo motu action and creates a demand thereafter. The assessee is therefore not liable for interest for the pre-demand period under the Punjab General Sales Tax Act, 1948. Case-Laws VAT and Sales Tax Thu, 27 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162668