https://www.taxtmi.com/caselaws?id=405747 In a sales tax deferral arrangement treated as a Government loan, interest was held recoverable on default, but the protected period while the company was before BIFR could not be counted as time when repayment was legally due. The court noted that recovery was barred during that period and the deferral agreement had not been cancelled. Interest was therefore confined to the post-BIFR period, with liability computed from 06.2.2013 to 24.5.2015, rather than for the entire deferral period claimed by the Department. en-us Fri, 05 Mar 2021 00:00:00 +0530 Tue, 08 Mar 2022 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405747 In a sales tax deferral arrangement treated as a Government loan, interest was held recoverable on default, but the protected period while the company was before BIFR could not be counted as time when repayment was legally due. The court noted that recovery was barred during that period and the deferral agreement had not been cancelled. Interest was therefore confined to the post-BIFR period, with liability computed from 06.2.2013 to 24.5.2015, rather than for the entire deferral period claimed by the Department. Case-Laws VAT and Sales Tax Fri, 05 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405747