https://www.taxtmi.com/caselaws?id=167695 Interest under the Haryana VAT regime had to be recomputed on the corrected tax liability after giving effect to excess tax already lying to the assessee's credit and available for adjustment. The Court held that the department could not treat the retained excess amount as part of the outstanding dues for the period it remained in departmental possession, so the period of such retention had to be excluded while calculating interest. The Tribunal's view upholding the levy of interest was set aside, and the Assessing Authority was directed to recalculate interest after making the adjustment. en-us Tue, 12 Feb 2013 00:00:00 +0530 Thu, 01 Jan 2015 22:09:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167695 Interest under the Haryana VAT regime had to be recomputed on the corrected tax liability after giving effect to excess tax already lying to the assessee's credit and available for adjustment. The Court held that the department could not treat the retained excess amount as part of the outstanding dues for the period it remained in departmental possession, so the period of such retention had to be excluded while calculating interest. The Tribunal's view upholding the levy of interest was set aside, and the Assessing Authority was directed to recalculate interest after making the adjustment. Case-Laws VAT and Sales Tax Tue, 12 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167695