1996 (1) TMI 78

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... to waive a sum of Rs. 20,383 as interest on the assessed taxable amount. The petitioner's contention is that as he has obtained stay of the recovery, the authorities ought not to have levied interest on the taxable amount. Counsel appear ing for the Department submits that the levy of interest is automatic and it is axiomatic and it does not depend upon the whims and wishes of the authority. In s....