https://www.taxtmi.com/caselaws?id=163440 Section 24(3) of the Tamil Nadu General Sales Tax Act, 1959 was treated as a compensatory levy for delayed payment, despite the use of the word "penalty". A court stay only suspended recovery and did not extinguish the underlying tax liability, so the period covered by the stay could not be excluded to avoid liability under the provision. The assessee continued to retain money due to the State, and later authorities cited to the contrary did not displace the earlier binding view. The demand under section 24(3) was therefore held valid. en-us Fri, 02 Apr 2004 00:00:00 +0530 Wed, 02 Apr 2014 15:52:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163440 Section 24(3) of the Tamil Nadu General Sales Tax Act, 1959 was treated as a compensatory levy for delayed payment, despite the use of the word "penalty". A court stay only suspended recovery and did not extinguish the underlying tax liability, so the period covered by the stay could not be excluded to avoid liability under the provision. The assessee continued to retain money due to the State, and later authorities cited to the contrary did not displace the earlier binding view. The demand under section 24(3) was therefore held valid. Case-Laws VAT and Sales Tax Fri, 02 Apr 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163440