1985 (2) TMI 242 - HC - VAT and Sales Tax

Summary

The High Court of Allahabad allowed the revision filed by the assessee against the Sales Tax Tribunal's order for the assessment year 1975-76. The Tribunal had imposed interest on the assessee for depositing tax at 3.5% instead of the imposed rate of 7%. The High Court held that the assessee was not liable to pay interest as there was no finding of mala fide intent, and the previous tax rate set by the Sales Tax Officer was 3.5%. The High Court set aside the Tribunal's order without costs.