2001 (10) TMI 1110

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.... P10 demand notices whereby the 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....

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....ecision of the Supreme Court reported 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 aforesai....

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.... averment in that regard and had attempted to 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....