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E.I.D. Parry (India) Limited vs Assistant Commissioner Of Commercial ... on 8 October, 2001

13. The reasoning of the Hon’ble Supreme Court in EID Parry (India) Ltd., Vs Assistant Commissioner of Commercial Taxes, https://www.mhc.tn.gov.in/judis/ 6/8 W.P. No. 5583 of 2008 Chennai, [2005] 12 STC 141, indicates that interest cannot be levied even if there is a short payment of tax if tax was paid in accordance with the returns filed. In this case, the petitioner had filed returns in time. However, no tax was paid on sale of REP license. The petitioner paid tax before the issue of notice and assessment order in the light of the decision of the Hon'ble Supreme Court in Vikas Sales Corporation (referred to supra). That being the case, the issue is governed by the decision of the Hon’ble Supreme Court in EID Parry India Ltd., (referred to supra).
Madras High Court Cites 13 - Cited by 39 - R J Babu - Full Document

Vikas Sales Corporation And Anr. Etc. ... vs Commissioner Of Commercial Taxes And ... on 1 May, 1996

2. During the period of dispute, the petitioner sold REP license for a value of Rs.11,29,205/-. Subsequently, after the Hon’ble Supreme Court rendered its decision in Vikas Sales Corporation and Another Vs Commissioner of Commercial Taxes and Another, [1996] 102 STC 106, the petitioner paid the proportionate tax on the sale of REP license for a sum of Rs.1,11,983/- on 26.07.1996. Meanwhile, an assessment order was passed on 28.09.1998 after the payment of the aforesaid amount to the credit of the government towards the tax liability.
Supreme Court of India Cites 31 - Cited by 57 - Full Document

M/S Indian Oil Corporation Limited vs The State Of Uttar Pradesh on 22 April, 2019

7. The learned counsel also drew my attention to recent decision of the Madhya Pradesh High Court in Indian Oil Corporation Ltd., Vs State of Madhya Pradesh, 14 GSTL 10, wherein, it was held that interest will be payable only if the returns are filed and assessments are completed and where no returns were filed, no demand was there, and interest cannot be admissible.
Supreme Court of India Cites 58 - Cited by 10 - A Bhushan - Full Document
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