https://www.taxtmi.com/caselaws?id=385173 Interest was upheld on tax relating to sale of REP licences because the underlying tax liability had already accrued and was later confirmed; an interim stay on recovery did not extinguish the statutory liability to interest during the restrained period. The Court distinguished cases where liability had not crystallised. Interest on belated additional sales tax was also sustained because a validating amendment expressly authorised the levy and operated retrospectively, making earlier contrary authority inapplicable. The challenge to interest on both heads failed, and the impugned orders were sustained. en-us Wed, 28 Aug 2019 00:00:00 +0530 Fri, 21 Aug 2020 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385173 Interest was upheld on tax relating to sale of REP licences because the underlying tax liability had already accrued and was later confirmed; an interim stay on recovery did not extinguish the statutory liability to interest during the restrained period. The Court distinguished cases where liability had not crystallised. Interest on belated additional sales tax was also sustained because a validating amendment expressly authorised the levy and operated retrospectively, making earlier contrary authority inapplicable. The challenge to interest on both heads failed, and the impugned orders were sustained. Case-Laws VAT and Sales Tax Wed, 28 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385173