1993 (8) TMI 288

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..... Assistant Commissioner (CT), Central Assessment Circle III, Madras-6 (second respondent herein) regarding the turnover and the sales tax amount due by them. They were, it is said, to pay Rs. 38,60,198 on November 20, 1992. But somehow or other, there was a delay of three days in making the said remittance, in the sense of the remittance having been effected on November 24, 1992. Consequently, the .....

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..... t to the order impugned cannot at all be stated to be sustainable in law, inasmuch as the said amount of penalty represented the amount of interest at two per cent per mensem for a period of thirty days, namely, the month of default for November, 1992. 4.. Mr. T. Ayyasamy, learned Government Advocate (Taxes) takes notice and repels such a submission emanating from learned counsel for the petitio .....

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..... or the entire period of default." 6.. What is demanded from the petitioner, as stated above, by way of penalty was Rs. 7,720, in addition to the tax falling due on the date specified as stated above. If interest at two per cent per month is calculated on the tax amount due, namely, Rs. 38,60,198 for three days, the period of default, it works out to only Rs. 7,720 as demanded by the second respo .....

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