https://www.taxtmi.com/caselaws?id=309058 A statutory interest levy on delayed sales-tax payment was upheld as compensatory rather than penal, and the classification between interest payable by a defaulting dealer and the rate applicable to State refund claims was held to rest on a valid basis. The constitutional challenge under Articles 14, 19(1)(g) and 300A therefore failed. A company's sales-tax dues could not, however, be recovered from its directors personally or from their personal properties in the absence of express statutory authority; the provisions invoked dealt only with specified liabilities and company offences, and there was no factual basis for lifting the corporate veil. en-us Thu, 17 Jun 2004 00:00:00 +0530 Wed, 09 Aug 2023 11:06:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309058 A statutory interest levy on delayed sales-tax payment was upheld as compensatory rather than penal, and the classification between interest payable by a defaulting dealer and the rate applicable to State refund claims was held to rest on a valid basis. The constitutional challenge under Articles 14, 19(1)(g) and 300A therefore failed. A company's sales-tax dues could not, however, be recovered from its directors personally or from their personal properties in the absence of express statutory authority; the provisions invoked dealt only with specified liabilities and company offences, and there was no factual basis for lifting the corporate veil. Case-Laws VAT and Sales Tax Thu, 17 Jun 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309058