https://www.taxtmi.com/caselaws?id=165042 Under section 7(b) of the Tamil Nadu Sales Tax (Settlement of Arrears) Act, 2008, settlement required payment of one-third of the arrears of tax together with interest at six per cent per annum on those arrears. The provision did not require the assessee to include any further interest for belated remittance of tax, and that obligation could not be added by implication. On the plain wording of the scheme, once the prescribed tax payment and six per cent interest were made, the balance of tax, interest and penalty stood waived. The additional demand for interest on delayed payment was therefore unsustainable, and settlement was available on the basis claimed. en-us Thu, 02 Dec 2010 00:00:00 +0530 Fri, 19 Sep 2014 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165042 Under section 7(b) of the Tamil Nadu Sales Tax (Settlement of Arrears) Act, 2008, settlement required payment of one-third of the arrears of tax together with interest at six per cent per annum on those arrears. The provision did not require the assessee to include any further interest for belated remittance of tax, and that obligation could not be added by implication. On the plain wording of the scheme, once the prescribed tax payment and six per cent interest were made, the balance of tax, interest and penalty stood waived. The additional demand for interest on delayed payment was therefore unsustainable, and settlement was available on the basis claimed. Case-Laws VAT and Sales Tax Thu, 02 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165042