https://www.taxtmi.com/caselaws?id=186306 The court held that the petitioner, a Cooperative Society, was not liable to pay penal interest under Section 24(3) of the Act for belated remittance of differential tax. The court determined that the demand for interest was not legally sustainable based on the principles established by the Supreme Court. Consequently, the Writ Petition was allowed, the impugned order was quashed, and no costs were awarded. en-us Wed, 03 Aug 2016 00:00:00 +0530 Wed, 14 Sep 2016 10:34:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186306 The court held that the petitioner, a Cooperative Society, was not liable to pay penal interest under Section 24(3) of the Act for belated remittance of differential tax. The court determined that the demand for interest was not legally sustainable based on the principles established by the Supreme Court. Consequently, the Writ Petition was allowed, the impugned order was quashed, and no costs were awarded. Case-Laws VAT and Sales Tax Wed, 03 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186306