TMI Blog2013 (4) TMI 693X X X X Extracts X X X X X X X X Extracts X X X X ..... m under the U. P. Trade Tax Act and is carrying on the business of receiving small work orders of electric items supply and also laying down of cable network. 2. The dispute relates to the assessment year 2003-04. The assessment order was passed on January 31, 2007 creating a demand of ₹ 84,324. Being dissatisfied with the assessment order, the said order was rectified under section 22 of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f interest. 6. It could not be disputed by Sri C. B. Tripathi, learned special counsel for the respondents, that payment of interest on the aforesaid refund amount is statutory liability under section 29 of the U. P. Trade Tax Act. The said section provides that if the refund is not granted within three months from the date of the receipt of order, the Department shall be liable to pay inter es ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pay the interest as directed above within the stipulated time, they will also be liable to pay interest upon interest at 10 per cent. per annum from the date of production of certified copy of this order till the date of actual payment. 9. It is a case where the respondents have failed to discharge their statutory obligation, therefore, the respondents shall pay a sum of ₹ 10,000 as cost ..... X X X X Extracts X X X X X X X X Extracts X X X X
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