https://www.taxtmi.com/caselaws?id=166497 Interest under section 24(3) of the Tamil Nadu General Sales Tax Act, 1959 is attracted on belated payment of admitted tax, including tax first disclosed in a revised return filed after the due date. Where the assessee initially claimed exemption, omitted the turnover, and later paid the liability only after it was established, section 24(1) required payment within the prescribed time and section 24(3) mandated interest for default. The liability to interest arose automatically on delay and did not depend on the assessee's bona fides or the voluntariness of the revised return. A Supreme Court decision relied on by the assessee was held to concern a different factual situation and was inapplicable. en-us Fri, 19 Aug 2011 00:00:00 +0530 Tue, 30 Sep 2014 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166497 Interest under section 24(3) of the Tamil Nadu General Sales Tax Act, 1959 is attracted on belated payment of admitted tax, including tax first disclosed in a revised return filed after the due date. Where the assessee initially claimed exemption, omitted the turnover, and later paid the liability only after it was established, section 24(1) required payment within the prescribed time and section 24(3) mandated interest for default. The liability to interest arose automatically on delay and did not depend on the assessee's bona fides or the voluntariness of the revised return. A Supreme Court decision relied on by the assessee was held to concern a different factual situation and was inapplicable. Case-Laws VAT and Sales Tax Fri, 19 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166497