https://www.taxtmi.com/caselaws?id=191218 For dealers covered by a tax deferral arrangement, penal interest on deferred arrears was held recoverable only from the due date for repayment or from the date the deferral agreement ceased to operate, not from the date monthly returns were filed. The Court followed the earlier Division Bench view that a departmental circular could not override the agreement's terms, and noted that the later single-judge decision had adopted the same principle. On that basis, computation of penal interest from the return-filing date was unsustainable, and the writ petitions were allowed. en-us Mon, 10 Aug 2015 00:00:00 +0530 Sat, 25 Mar 2017 10:06:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191218 For dealers covered by a tax deferral arrangement, penal interest on deferred arrears was held recoverable only from the due date for repayment or from the date the deferral agreement ceased to operate, not from the date monthly returns were filed. The Court followed the earlier Division Bench view that a departmental circular could not override the agreement's terms, and noted that the later single-judge decision had adopted the same principle. On that basis, computation of penal interest from the return-filing date was unsustainable, and the writ petitions were allowed. Case-Laws VAT and Sales Tax Mon, 10 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191218