https://www.taxtmi.com/caselaws?id=396267 Where a sum deposited under an interim stay was appropriated towards the underlying tax demand, further penalty and interest could not be sustained on the same liability without a legally supportable computation linked to the relevant period. The Bombay High Court also held that a settlement certificate computing penalty and interest in a lump sum, without specifying the basis and period of calculation after such adjustment, was unsustainable. The certificate was quashed, and any surviving liability was directed to be reworked in accordance with the amount already adjusted against the tax demand. en-us Fri, 26 Jun 2020 00:00:00 +0530 Sat, 27 Jun 2020 21:55:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396267 Where a sum deposited under an interim stay was appropriated towards the underlying tax demand, further penalty and interest could not be sustained on the same liability without a legally supportable computation linked to the relevant period. The Bombay High Court also held that a settlement certificate computing penalty and interest in a lump sum, without specifying the basis and period of calculation after such adjustment, was unsustainable. The certificate was quashed, and any surviving liability was directed to be reworked in accordance with the amount already adjusted against the tax demand. Case-Laws Income Tax Fri, 26 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396267