UP Trade Tax - Interest - Once it has been confirmed that tax is payable under the Act, same becomes payable from date when it was due and not from date when judicial verdict was pronounced - Supreme Court
THE Supreme Court yesterday in a Sales Tax caseobserved, “The appellant had taken the chance to get a judicial verdict on the said issue. Once it has been confirmed that the tax is payable under the Act, the same becomes payable from the date when it was due and not from the date when the judicial verdict was pronounced (unless and until, in a case, the court specifies a particular date from which it shall be payable). Thus, once it has been confirmed by the Court that the tax is payable under the Act it would be covered within the definition of the term "the tax admittedly payable" as defined in the explanation to section 8 (1) and, in case, the tax had not been paid then the same becomes payable along with interest as mentioned in section 8 (1) of the Act.”
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