Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

M/s Imperial Spirits And Wine Pvt Ltd Versus The Commissioner of Commercial Taxes And Others

Demand of interest on delayed payment of tax - Held that:-Petitioner has been manufacturing the Indian Made Foreign Liquor (IMFL) and selling the same only to the Tamil Nadu State Marketing Corporation Limited (TASMAC) and also further taking note of the fact that the petitioner had cleared the entire tax liability, except a sum of ₹ 68,00,000/- as demanded in the impugned notice, instead of granting ten equal installments as prayed for by the petitioner, is inclined to grant four equated .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

tion has been filed by M/s Imperial Spirits and Wine Private Limited, Coimbatore seeking issuance of a writ of certiorarified mandamus, to call for the records relating to the impugned demand notice dated 12.06.2015 of the Assistant Commissioner of Commercial Taxes (CT), Trichy Road Circle, Coimbatore, the fourth respondent herein, quash the same with a direction to the fourth respondent to grant 10 installments to the petitioner for payment of the interest arrears. 2. The petitioner has been ca .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

crores. However, the petitioner was unable to pay the remaining tax amount on account of the financial crunch that went beyond their control. Therefore, on a demand of ₹ 25,77,03,167/- from the petitioner vide notice dated 2.5.2014 issued by the fourth respondent, after giving credit to various payments, a sum of ₹ 25,25,40,568/- became due and payable to the Government towards tax liability. Hence the petitioner filed a representation seeking time for making payment of tax. However, .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

30 of 2014 seeking a direction to the third respondent to permit the petitioner to pay the fourth installment and the remaining installment amounts as per the order dated 28.5.2014 by the end of the respective months commencing from 30.11.2014. This Court, by order dated 20.11.2014, making a slight modification in paragraph-6 of the order dated 28.5.2014, directed the petitioner to pay the remaining arrears amount with the applicable interest in equal installments on or before the 30th day of ea .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

e and accordingly, the petitioner also paid the entire tax liability within the time. Thereafter, by the impugned notice dated 12.6.2015, the fourth respondent has demanded a sum of ₹ 68,00,000/- as the interest payable for the delayed payment within three days. Hence, the petitioner has filed the present writ petition seeking time to pay the said amount in ten installments. 3. Mr.AR.L.Sundaresan, learned senior counsel for the petitioner submitted that when the petitioner had paid the ent .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     Update Alerts     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version