https://www.taxtmi.com/caselaws?id=168041 Section 47(4A) of the Gujarat Sales Tax Act, 1969 was treated as constitutionally valid because the interest on delayed tax payment was characterised as compensatory rather than penal, with the rate fixed by the Legislature and no discretion left to tax authorities. The Court also held that, absent an express statutory provision or factual basis to lift the corporate veil, a company's sales tax dues cannot be recovered from its directors personally or from their personal properties. Provisions governing dealer liability and offences by companies did not extend personal recovery to directors on the facts stated. en-us Wed, 21 Mar 2012 00:00:00 +0530 Thu, 08 Jan 2015 12:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168041 Section 47(4A) of the Gujarat Sales Tax Act, 1969 was treated as constitutionally valid because the interest on delayed tax payment was characterised as compensatory rather than penal, with the rate fixed by the Legislature and no discretion left to tax authorities. The Court also held that, absent an express statutory provision or factual basis to lift the corporate veil, a company's sales tax dues cannot be recovered from its directors personally or from their personal properties. Provisions governing dealer liability and offences by companies did not extend personal recovery to directors on the facts stated. Case-Laws VAT and Sales Tax Wed, 21 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168041