Court Rejects Settlement Proposal Under Tamil Nadu Sales Tax Act; Full Payment of Collected Tax Required.

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....Rejection of applications for settlement under the Tamil Nadu Sales Tax (Settlement of Arrears) Act, 2011 - A person who had collected tax from the customers and allowed to retain it under a deferred payment scheme, cannot claim that he would pay 40% of what was collected by him together with interest calculated from the date of assessment. - HC....