https://www.taxtmi.com/caselaws?id=170917 The Kerala High Court ruled in favor of the petitioner, a company manufacturing automotive tyres and tubes, in a case concerning the interpretation of penal interest under section 23(3A) of the KGST Act. The court held that penal interest was not applicable as the return was filed correctly according to the law at the time, despite subsequent changes in the law. The court emphasized that penal interest should not be charged if the return was filed in compliance with the law in force when submitted. en-us Fri, 13 Feb 2009 00:00:00 +0530 Tue, 30 Jun 2015 12:11:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170917 The Kerala High Court ruled in favor of the petitioner, a company manufacturing automotive tyres and tubes, in a case concerning the interpretation of penal interest under section 23(3A) of the KGST Act. The court held that penal interest was not applicable as the return was filed correctly according to the law at the time, despite subsequent changes in the law. The court emphasized that penal interest should not be charged if the return was filed in compliance with the law in force when submitted. Case-Laws Income Tax Fri, 13 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170917