https://www.taxtmi.com/caselaws?id=22998 Section 16(3) of the Andhra Pradesh General Sales Tax Act, 1957 was construed strictly to determine how interest on delayed tax payment is computed. The phrase "for every one hundred rupees or part thereof for each month or part thereof" was read as fixing both the rate and the period of charge, so interest applies to the actual period of default, including any part of a month, rather than being rounded up to a full month. The notices demanding interest for the whole month were quashed to that extent, and the writ petitions were partly allowed. en-us Mon, 16 Oct 1989 00:00:00 +0530 Wed, 11 Sep 2013 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22998 Section 16(3) of the Andhra Pradesh General Sales Tax Act, 1957 was construed strictly to determine how interest on delayed tax payment is computed. The phrase "for every one hundred rupees or part thereof for each month or part thereof" was read as fixing both the rate and the period of charge, so interest applies to the actual period of default, including any part of a month, rather than being rounded up to a full month. The notices demanding interest for the whole month were quashed to that extent, and the writ petitions were partly allowed. Case-Laws Income Tax Mon, 16 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22998