https://www.taxtmi.com/caselaws?id=247024 The court allowed the writ petition, setting aside the order for interest payment on delayed tax. The interest calculation excluding stock transactions and consignment sales was deemed invalid post Full Bench judgment clarifying the inclusion of these transactions in base production. The court found no valid tax demand in the specified year after the judgment, nullifying the interest calculation. The State's challenge in M/s Hindustan Liver's case did not affect the decision. The judgment's applicability was made subject to the pending Supreme Court decision on the Hindustan Liver's case challenge. en-us Mon, 29 Jul 2013 00:00:00 +0530 Tue, 25 Mar 2014 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247024 The court allowed the writ petition, setting aside the order for interest payment on delayed tax. The interest calculation excluding stock transactions and consignment sales was deemed invalid post Full Bench judgment clarifying the inclusion of these transactions in base production. The court found no valid tax demand in the specified year after the judgment, nullifying the interest calculation. The State's challenge in M/s Hindustan Liver's case did not affect the decision. The judgment's applicability was made subject to the pending Supreme Court decision on the Hindustan Liver's case challenge. Case-Laws VAT and Sales Tax Mon, 29 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247024