TaxTMI 
TaxTMI 
2001 (10) TMI 1110
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....e petitioner is directed to pay penal interest. The issue raised in the original petition is whether interest is payable only from the date of receipt of demand notices for payment of tax. Exhibits P7 and P8 are the assessment orders so received by the petitioner demanding payment of tax. That is dated March 31, 1995. It was, according to the specific averments in the original petition, served on ....
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....orted in Maruti Wire Industries Pvt. Ltd. v. Sales Tax Officer [2001] 122 STC 410. 2.. According to the respondent penal interest is to be levied on default of tax payable. The tax demanded is in respect of the year 1992-93 which was at any rate payable before April 1, 1993. So the petitioner is liable to pay interest on the tax accrued during the aforesaid year, at least with effect from April ....
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....substantiate it on the basis of certain documents. These are not controverted. In such circumstances, this factual circumstances can be taken note of as substantiated on the basis of exhibits P15 and P16 produced along with C.M.P. No. 36149 of 1995. 4. The Supreme Court further held in the said decision: "A failure to file return of taxable turnover may render the assessee liable for any other co....