https://www.taxtmi.com/caselaws?id=381674 The High Court dismissed the appeal challenging the interest levy under Section 30(2) of the Maharashtra Value Added Tax Act, 2002 for delayed tax payment in the financial year 2007-08. The court upheld the Tribunal's decision, affirming the statutory requirement for interest payment in cases of delayed tax payment. The judgment emphasized that ignorance of the law does not warrant interest waiver and reiterated the obligation to pay interest for delayed tax payments, regardless of the taxpayer's understanding. en-us Mon, 03 Jun 2019 00:00:00 +0530 Mon, 17 Jun 2019 07:13:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381674 The High Court dismissed the appeal challenging the interest levy under Section 30(2) of the Maharashtra Value Added Tax Act, 2002 for delayed tax payment in the financial year 2007-08. The court upheld the Tribunal's decision, affirming the statutory requirement for interest payment in cases of delayed tax payment. The judgment emphasized that ignorance of the law does not warrant interest waiver and reiterated the obligation to pay interest for delayed tax payments, regardless of the taxpayer's understanding. Case-Laws VAT and Sales Tax Mon, 03 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381674