https://www.taxtmi.com/caselaws?id=305589 The Supreme Court held that the respondent was liable to pay interest on arrears of excise revenue despite an interim order staying the recovery of the license fee. The Court clarified that interim orders do not absolve the obligation to pay accrued interest once the order is vacated or main proceedings are dismissed. Emphasizing the principle of restitution, the Court set aside the High Court's decision exempting the respondent from paying interest and directed compliance with Section 38A of the U.P. Excise Act, 1910. The respondent was allowed to seek concessions under the onetime settlement scheme 2021 without costs imposed. en-us Fri, 25 Mar 2022 00:00:00 +0530 Tue, 13 Dec 2022 18:14:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305589 The Supreme Court held that the respondent was liable to pay interest on arrears of excise revenue despite an interim order staying the recovery of the license fee. The Court clarified that interim orders do not absolve the obligation to pay accrued interest once the order is vacated or main proceedings are dismissed. Emphasizing the principle of restitution, the Court set aside the High Court's decision exempting the respondent from paying interest and directed compliance with Section 38A of the U.P. Excise Act, 1910. The respondent was allowed to seek concessions under the onetime settlement scheme 2021 without costs imposed. Case-Laws Indian Laws Fri, 25 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305589