1993 (8) TMI 288

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.... are assessed to sales tax in TNGST/ 137438/92-93. They, it is said, are filing monthly statements to the Assistant Commissioner (CT), Central Assessment Circle III, Madras-6 (second respondent herein) regarding the turnover and the sales tax amount due by them. They were, it is said, to pay Rs. 38,60,198 on November 20, 1992. But somehow or other, there was a delay of three days in making the sai....

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....ed counsel appearing for the petitioner would submit that the levy of penalty quantified in a sum of Rs. 7,720 pursuant to the order impugned cannot at all be stated to be sustainable in law, inasmuch as the said amount of penalty represented the amount of interest at two per cent per mensem for a period of thirty days, namely, the month of default for November, 1992. 4.. Mr. T. Ayyasamy, learn....

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....ents, the dealer or person shall pay, in addition to the amount due, interest at two per cent per month of such amount for the entire period of default." 6.. What is demanded from the petitioner, as stated above, by way of penalty was Rs. 7,720, in addition to the tax falling due on the date specified as stated above. If interest at two per cent per month is calculated on the tax amount due, na....