https://www.taxtmi.com/caselaws?id=268267 Interest under section 12(1B) of the Karnataka Sales Tax Act could not be levied on tax first found due only after a best judgment assessment under section 12(3). The provision applied to default in payment of admitted or returned tax, whereas post-assessment non-payment of the assessed differential was governed by the statutory consequences attaching to the demand notice and the relevant rules. As the dealer paid the balance within the time allowed under the notice, the levy of interest under section 12(1B) was unsustainable and the Tribunal's order was upheld. en-us Thu, 05 Jun 2014 00:00:00 +0530 Mon, 23 Nov 2015 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268267 Interest under section 12(1B) of the Karnataka Sales Tax Act could not be levied on tax first found due only after a best judgment assessment under section 12(3). The provision applied to default in payment of admitted or returned tax, whereas post-assessment non-payment of the assessed differential was governed by the statutory consequences attaching to the demand notice and the relevant rules. As the dealer paid the balance within the time allowed under the notice, the levy of interest under section 12(1B) was unsustainable and the Tribunal's order was upheld. Case-Laws VAT and Sales Tax Thu, 05 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268267