https://www.taxtmi.com/caselaws?id=162784 The court ruled in favor of the petitioner, holding that the State lacked the authority to collect interest on delayed penalty payments under the Central Sales Tax Act. The judgment emphasized the need for specific legal provisions authorizing such collections, highlighting that the absence of a provision in the Act for interest on delayed penalties precluded the State from demanding it. The petitioner's challenge to the notice demanding interest on delayed penalty payment was upheld, underscoring the importance of adherence to statutory provisions for imposing interest and penalties under the CST Act. en-us Thu, 15 Dec 2005 00:00:00 +0530 Fri, 14 Mar 2014 11:35:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162784 The court ruled in favor of the petitioner, holding that the State lacked the authority to collect interest on delayed penalty payments under the Central Sales Tax Act. The judgment emphasized the need for specific legal provisions authorizing such collections, highlighting that the absence of a provision in the Act for interest on delayed penalties precluded the State from demanding it. The petitioner's challenge to the notice demanding interest on delayed penalty payment was upheld, underscoring the importance of adherence to statutory provisions for imposing interest and penalties under the CST Act. Case-Laws VAT and Sales Tax Thu, 15 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162784