https://www.taxtmi.com/caselaws?id=369998 The clarification confines a pre-assessment deposit direction to the principal tax demanded in the notices, not the penalty amount. It explains that tax credit and reduction in liability relate to tax, while penalty ordinarily arises only after assessment and determination of statutory liability. Accordingly, where an earlier order requires compliance with assessment proceedings by filing return-cum-challan and paying the demanded amount, that direction is read as covering tax alone unless penalty is expressly included. The practical effect is that assessment may proceed on deposit of the principal tax, with penalty to be considered only in accordance with law after assessment. en-us Mon, 15 Oct 2018 00:00:00 +0530 Fri, 12 Apr 2019 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369998 The clarification confines a pre-assessment deposit direction to the principal tax demanded in the notices, not the penalty amount. It explains that tax credit and reduction in liability relate to tax, while penalty ordinarily arises only after assessment and determination of statutory liability. Accordingly, where an earlier order requires compliance with assessment proceedings by filing return-cum-challan and paying the demanded amount, that direction is read as covering tax alone unless penalty is expressly included. The practical effect is that assessment may proceed on deposit of the principal tax, with penalty to be considered only in accordance with law after assessment. Case-Laws VAT and Sales Tax Mon, 15 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369998