https://www.taxtmi.com/caselaws?id=19459 An ad interim stay of recovery does not extinguish the underlying tax liability or suspend default consequences under the Karnataka Agricultural Income-tax Act, 1957, unless the stay expressly blocks the charging or default provisions themselves. Where the assessee fails to pay within the prescribed time, default is attracted and the statutory penalty follows automatically. The stay merely keeps coercive recovery in abeyance; it does not grant immunity from the compensatory levy treated as interest-like for the period of default. en-us Tue, 24 Jan 1995 00:00:00 +0530 Fri, 06 Nov 2009 12:46:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19459 An ad interim stay of recovery does not extinguish the underlying tax liability or suspend default consequences under the Karnataka Agricultural Income-tax Act, 1957, unless the stay expressly blocks the charging or default provisions themselves. Where the assessee fails to pay within the prescribed time, default is attracted and the statutory penalty follows automatically. The stay merely keeps coercive recovery in abeyance; it does not grant immunity from the compensatory levy treated as interest-like for the period of default. Case-Laws Wealth-tax Tue, 24 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19459