https://www.taxtmi.com/caselaws?id=164711 Interest under sales tax law was held chargeable only from the date the assessed demand was actually raised on revised assessment, not from the date of filing of the return. The governing principle applied was that interest is compensatory and becomes payable only when the tax liability is quantified and made recoverable by demand notice, not at an earlier notional date. The settled position followed was that no interest can be imposed for any period before the demand is made, where the amount was ascertainable only upon assessment or revision. en-us Tue, 27 Jan 2009 00:00:00 +0530 Wed, 19 Nov 2014 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164711 Interest under sales tax law was held chargeable only from the date the assessed demand was actually raised on revised assessment, not from the date of filing of the return. The governing principle applied was that interest is compensatory and becomes payable only when the tax liability is quantified and made recoverable by demand notice, not at an earlier notional date. The settled position followed was that no interest can be imposed for any period before the demand is made, where the amount was ascertainable only upon assessment or revision. Case-Laws VAT and Sales Tax Tue, 27 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164711