https://www.taxtmi.com/caselaws?id=343434 The court upheld the imposition of penalties under Sections 53 and 60 of the Punjab Value Added Tax Act, 2005, and the levy of interest under Section 32(1). It ruled that interim orders do not negate statutory liabilities, and liabilities for penalties relate back to the original due date. The court emphasized that interest is charged as per the Act and Rules, not just from the assessment order date. The appellant's challenge to the constitutional validity of a section was dismissed, affirming their liability. The appeals were dismissed, confirming the lower authorities' orders, highlighting the importance of complying with statutory obligations promptly. en-us Mon, 15 May 2017 00:00:00 +0530 Fri, 23 Mar 2018 15:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343434 The court upheld the imposition of penalties under Sections 53 and 60 of the Punjab Value Added Tax Act, 2005, and the levy of interest under Section 32(1). It ruled that interim orders do not negate statutory liabilities, and liabilities for penalties relate back to the original due date. The court emphasized that interest is charged as per the Act and Rules, not just from the assessment order date. The appellant's challenge to the constitutional validity of a section was dismissed, affirming their liability. The appeals were dismissed, confirming the lower authorities' orders, highlighting the importance of complying with statutory obligations promptly. Case-Laws VAT and Sales Tax Mon, 15 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343434