https://www.taxtmi.com/caselaws?id=163676 Under the U.P. Trade Tax Act, 1948, the question is whether tax computed at the normal rate becomes "admittedly payable" for interest purposes when declaration forms supporting exemption or concessional treatment are not furnished during assessment, and whether interest under section 8(1) runs from the return stage or only after assessment. The discussion also considers whether legitimate expectation, bona fide belief, or a hope of later obtaining the forms affects interest liability. Noting conflicting judicial views on these issues, the matter was referred to a Full Bench for authoritative determination. en-us Fri, 11 May 2007 00:00:00 +0530 Mon, 07 Apr 2014 14:40:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163676 Under the U.P. Trade Tax Act, 1948, the question is whether tax computed at the normal rate becomes "admittedly payable" for interest purposes when declaration forms supporting exemption or concessional treatment are not furnished during assessment, and whether interest under section 8(1) runs from the return stage or only after assessment. The discussion also considers whether legitimate expectation, bona fide belief, or a hope of later obtaining the forms affects interest liability. Noting conflicting judicial views on these issues, the matter was referred to a Full Bench for authoritative determination. Case-Laws VAT and Sales Tax Fri, 11 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163676