https://www.taxtmi.com/highlights?id=61636 Treatment given to the amount deposited by the dealer - stand of Department is that the amount deposited by the dealer on 30.03.2007 is firstly credited to the interest due from dealer but not to tax due - the dealer resisted the adjustment, firstly, in interest account as illegal for the reason that the respective assessment orders do not stipulate interest for non-payment or delayed payment of tax - Interest the Act is automatic, becomes payable on the date on which return is filed, and hence no separate order demanding interest is necessary. - HC en-us Thu, 27 Jan 2022 08:40:20 +0530 Thu, 27 Jan 2022 08:40:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61636 Treatment given to the amount deposited by the dealer - stand of Department is that the amount deposited by the dealer on 30.03.2007 is firstly credited to the interest due from dealer but not to tax due - the dealer resisted the adjustment, firstly, in interest account as illegal for the reason that the respective assessment orders do not stipulate interest for non-payment or delayed payment of tax - Interest the Act is automatic, becomes payable on the date on which return is filed, and hence no separate order demanding interest is necessary. - HC Highlights VAT and Sales Tax Thu, 27 Jan 2022 08:40:20 +0530 https://www.taxtmi.com/highlights?id=61636