High Court Rules Interest Mandatory for Late Tax Deposits Under UPVAT Act Section 34(8); Tribunal's Penalty Deletion Unjustified.

High Court Rules Interest Mandatory for Late Tax Deposits Under UPVAT Act Section 34(8); Tribunal's Penalty Deletion Unjustified. https://www.taxtmi.com/highlights?id=34448 Penalty u/s 34(8) of the UPVAT Act - once it is found that tax deducted at source was not deposited within time, as was warranted under sub-section 6, payment of interest follows as a consequence and has to be paid - Tribunal was not justified in deleting the penalty - HC en-us Thu, 20 Apr 2017 12:59:24 +0530 Thu, 20 Apr 2017 12:59:24 +0530 TaxTMI RSS Generator High Court Rules Interest Mandatory for Late Tax Deposits Under UPVAT Act Section 34(8); Tribunal's Penalty Deletion Unjustified. https://www.taxtmi.com/highlights?id=34448 Penalty u/s 34(8) of the UPVAT Act - once it is found that tax deducted at source was not deposited within time, as was warranted under sub-section 6, payment of interest follows as a consequence and has to be paid - Tribunal was not justified in deleting the penalty - HC Highlights VAT and Sales Tax Thu, 20 Apr 2017 12:59:24 +0530 https://www.taxtmi.com/highlights?id=34448