https://www.taxtmi.com/caselaws?id=423859 Under the TNVAT regime, interest on admitted tax accrues automatically under Section 42, but a demand must clearly separate interest on admitted tax from interest arising from assessed additions. A notice that does not bifurcate these components and is issued without a clear show cause basis creates uncertainty in the levy. The demand was not quashed, but the assessee was directed to appear before the Assessing Authority for a fresh hearing, component-wise identification of tax and interest, and reconsideration of the applicable rate of interest. en-us Thu, 09 Jun 2022 00:00:00 +0530 Fri, 17 Jun 2022 11:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423859 Under the TNVAT regime, interest on admitted tax accrues automatically under Section 42, but a demand must clearly separate interest on admitted tax from interest arising from assessed additions. A notice that does not bifurcate these components and is issued without a clear show cause basis creates uncertainty in the levy. The demand was not quashed, but the assessee was directed to appear before the Assessing Authority for a fresh hearing, component-wise identification of tax and interest, and reconsideration of the applicable rate of interest. Case-Laws VAT and Sales Tax Thu, 09 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423859