https://www.taxtmi.com/caselaws?id=164731 The court ruled in favor of the appellant, quashing the demand for penal interest on belated payment of additional sales tax. The judgment emphasized that interest can only be levied if substantively provided for by the tax statute, and as the assessment order showed no amount remaining unpaid, the demand for interest was invalidated. The retrospective amendment introducing penal interest was deemed inapplicable in this case, leading to the court allowing the writ appeal based on the absence of unpaid tax as determined by the assessing authority. en-us Fri, 24 Jul 2009 00:00:00 +0530 Tue, 04 Nov 2014 19:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164731 The court ruled in favor of the appellant, quashing the demand for penal interest on belated payment of additional sales tax. The judgment emphasized that interest can only be levied if substantively provided for by the tax statute, and as the assessment order showed no amount remaining unpaid, the demand for interest was invalidated. The retrospective amendment introducing penal interest was deemed inapplicable in this case, leading to the court allowing the writ appeal based on the absence of unpaid tax as determined by the assessing authority. Case-Laws VAT and Sales Tax Fri, 24 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164731