Home Case Index All Cases VAT and Sales Tax VAT and Sales Tax + HC VAT and Sales Tax - 2015 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (10) TMI 625 - HC - VAT and Sales TaxValuation - Inclusion of incidental charges - Determination of taxable turnover - Held that:- Primary issue that arises for consideration relates to the date from which the interest would be chargeable, i.e., whether interest is leviable from the date of assessment order in question or from the date of assessment order by which assessing authority has taxed the incidental charges for the first time for any assessment year. Again, it was not dis puted that the issue stands concluded by the judgment of the honourable apex court in J. K. Synthetics Ltd. v. Commercial Taxes Officer [1994 (5) TMI 233 - SUPREME COURT ] wherein it has been held that the interest is payable by the dealer from the date of the passing of the assessment order. Accordingly, it is held that the interest would be chargeable from the date of the passing of the assessment order in question and not from the date of passing of assessment order in any other year by which assessing authority has taxed the incidental charges for the first time. - Appeal disposed of.
|