https://www.taxtmi.com/caselaws?id=256927 Carried forward input tax credit available for adjustment against a reassessed tax demand justified deletion of interest because the principal liability was effectively met through adjustment. Penalty was also unsustainable because the governing provision required evasion or avoidance of tax, and the record disclosed no such intent where the available credit negated any attempt to evade payment. The issue was treated as covered by the High Court's earlier decision on the same legal question, and the deletion of interest and penalty was upheld. en-us Thu, 29 Jan 2015 00:00:00 +0530 Wed, 21 Oct 2015 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256927 Carried forward input tax credit available for adjustment against a reassessed tax demand justified deletion of interest because the principal liability was effectively met through adjustment. Penalty was also unsustainable because the governing provision required evasion or avoidance of tax, and the record disclosed no such intent where the available credit negated any attempt to evade payment. The issue was treated as covered by the High Court's earlier decision on the same legal question, and the deletion of interest and penalty was upheld. Case-Laws VAT and Sales Tax Thu, 29 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256927