https://www.taxtmi.com/caselaws?id=165027 Recovery of stale trade tax dues, even without a prescribed limitation period, must still be pursued within a reasonable time. A delay of about 19 years was treated as unreasonable on the facts, especially where the assessee had not been informed of the outstanding balance or accumulated interest before money was withdrawn from post office accounts. Amounts recovered had to be appropriated first towards principal tax liability and only then towards interest, and interest could not be charged on interest. Further interest on unpaid principal was restricted after 12 years from the recovery certificate, treated as the outer reasonable period in the case. The court directed a fresh account statement, recomputation, refund of excess with interest, and further recovery only after notice and hearing. en-us Fri, 06 Aug 2010 00:00:00 +0530 Mon, 29 Sep 2014 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165027 Recovery of stale trade tax dues, even without a prescribed limitation period, must still be pursued within a reasonable time. A delay of about 19 years was treated as unreasonable on the facts, especially where the assessee had not been informed of the outstanding balance or accumulated interest before money was withdrawn from post office accounts. Amounts recovered had to be appropriated first towards principal tax liability and only then towards interest, and interest could not be charged on interest. Further interest on unpaid principal was restricted after 12 years from the recovery certificate, treated as the outer reasonable period in the case. The court directed a fresh account statement, recomputation, refund of excess with interest, and further recovery only after notice and hearing. Case-Laws VAT and Sales Tax Fri, 06 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165027