https://www.taxtmi.com/caselaws?id=261225 The Court allowed the writ petition, quashing the demand notices for interest on arrears of tax post-settlement under Act 41 of 2001. It held that once tax arrears were settled and a Certificate of Settlement obtained, no interest could be collected subsequently. The Court emphasized the finality of the Settlement Certificate, discharging the petitioner from further payment obligations. As Act 41 of 2001 did not address interest explicitly, the respondent's demand for interest on settled amounts was deemed unwarranted. The judgment favored the petitioner, highlighting the inability to levy interest on amounts already settled under the Act. en-us Tue, 10 Mar 2015 00:00:00 +0530 Wed, 21 Oct 2015 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261225 The Court allowed the writ petition, quashing the demand notices for interest on arrears of tax post-settlement under Act 41 of 2001. It held that once tax arrears were settled and a Certificate of Settlement obtained, no interest could be collected subsequently. The Court emphasized the finality of the Settlement Certificate, discharging the petitioner from further payment obligations. As Act 41 of 2001 did not address interest explicitly, the respondent's demand for interest on settled amounts was deemed unwarranted. The judgment favored the petitioner, highlighting the inability to levy interest on amounts already settled under the Act. Case-Laws VAT and Sales Tax Tue, 10 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261225