1991 (11) TMI 239 - HC - VAT and Sales Tax

Summary

The High Court upheld the judgment of the Sales Tax Tribunal regarding the levy of interest for delay. However, the Court quashed the Tribunal's decision to set aside the penalty under section 5C(2) due to lack of verification of figures, remanding the matter back to the assessing authority for fresh proceedings. The revisions were partly allowed with no costs.