https://www.taxtmi.com/caselaws?id=417544 Interest under the sales tax law is compensatory and automatic on delayed payment of the correct tax, so a deposit made during appeal may be appropriated in accordance with that liability rather than treated as tax payment first. The Court also accepted that assessment and rectification orders are distinct, and the Tribunal's interference with the assessment and interest computation was unsustainable in light of binding precedent on compensatory interest. en-us Mon, 15 Nov 2021 00:00:00 +0530 Tue, 08 Mar 2022 15:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417544 Interest under the sales tax law is compensatory and automatic on delayed payment of the correct tax, so a deposit made during appeal may be appropriated in accordance with that liability rather than treated as tax payment first. The Court also accepted that assessment and rectification orders are distinct, and the Tribunal's interference with the assessment and interest computation was unsustainable in light of binding precedent on compensatory interest. Case-Laws VAT and Sales Tax Mon, 15 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417544