Interest

Supreme Court Orders 12% Interest on Coal Refund: M/S. Domco Smokeless Fuels Pvt. Ltd. vs. State of Jharkhand (22 February 2024)

/ Contempt of Court, Contract Law, Directions, Interest, Orders, Refund, Supreme Court of India

Supreme Court Orders 12% Interest on Coal Refund: M/S. Domco Smokeless Fuels Pvt. Ltd. vs. State of Jharkhand (2024) Date of the Judgment: 22 February 2024 Citation: 2024 INSC 133 Judges: B.R. Gavai, J. and Sandeep Mehta, J. Can a company be denied a refund of excess payment for coal, along with interest, despite previous […]

Supreme Court Orders 12% Interest on Coal Refund: M/S. Domco Smokeless Fuels Pvt. Ltd. vs. State of Jharkhand (22 February 2024) Read Post »

Supreme Court Upholds Mandatory Penalty and Interest Under Gujarat Sales Tax Act: State of Gujarat vs. M/s Saw Pipes Ltd. (2023) INSC 355

/ B.V. Nagarathna, Gujarat Sales Tax Act, 1969, Gujarat Sales Tax Act, 1969 with Section 45, Gujarat Sales Tax Act, 1969 with Section 47, Interest, Judges, M.R. Shah, Penalty, Tax Law

Supreme Court Upholds Mandatory Penalty and Interest Under Gujarat Sales Tax Act: State of Gujarat vs. M/s Saw Pipes Ltd. (2023) INSC 355 LEGAL ISSUE: Whether penalty and interest under the Gujarat Sales Tax Act, 1969 can be waived based on a taxpayer’s bonafide belief and payment of the principal tax amount. CASE TYPE: Tax

Supreme Court Upholds Mandatory Penalty and Interest Under Gujarat Sales Tax Act: State of Gujarat vs. M/s Saw Pipes Ltd. (2023) INSC 355 Read Post »

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