https://www.taxtmi.com/caselaws?id=198657 The Tribunal upheld the order-in-appeal, rejecting the appellant-Revenue's appeal regarding the failure to pay cess under the Oil Industry (Development) Act, 1974. The Tribunal emphasized the necessity of a statutory provision for levying interest on delayed tax payments, noting the absence of such provision in the Act. Relying on precedent, the Tribunal confirmed the imposition of penalties and interest by the Adjudicating Authority, highlighting the importance of clear legal basis for interest imposition in tax matters. en-us Wed, 22 Mar 2017 00:00:00 +0530 Wed, 07 Feb 2018 07:22:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198657 The Tribunal upheld the order-in-appeal, rejecting the appellant-Revenue's appeal regarding the failure to pay cess under the Oil Industry (Development) Act, 1974. The Tribunal emphasized the necessity of a statutory provision for levying interest on delayed tax payments, noting the absence of such provision in the Act. Relying on precedent, the Tribunal confirmed the imposition of penalties and interest by the Adjudicating Authority, highlighting the importance of clear legal basis for interest imposition in tax matters. Case-Laws Central Excise Wed, 22 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198657