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VAT - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Interest on delayed payment of tax - There is no provision in ...


Interest on Tax Delays Not Waivable for Assessee's Legal Misunderstanding; No Statutory Provision for Waiver.

June 17, 2019

Case Laws     VAT and Sales Tax     HC

Interest on delayed payment of tax - There is no provision in the statute which permits waiver of interest on account of misunderstanding of the position in law on the part of an Assessee.

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