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2007 (9) TMI 576 - MADRAS HIGH COURTDeferral of interest-free sales tax - Held that:- As already come to the conclusion that the deferral granted is nothing but postponing the payment of sales tax liable to be paid for the current period to a future period. Unless the petitioner is generating the sales tax for the current period, the petitioner is not entitled to have tax benefit under the IFST deferral. Hence, we do not find any illegality or irregularity in the order passed by the Tamil Nadu Taxation Special Tribunal. Accordingly, the writ petition fails and the same is dismissed.
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