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TMI Blog2016 (5) TMI 182X X X X Extracts X X X X X X X X Extracts X X X X ..... e Clauses of Section 7 of the Tamil Nadu Sales Tax (Settlement of Arrears) Act, 2010. It was done only after the assessee paid the entire arrears of tax together with 25% of the interest computed on the entire arrears at the rate of 6% per annum. Once a certificate is issued in terms of Section 8 of the Act, the assessee stands discharged of any further obligations by virtue of Sub-Section (1) of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sment year 2001-02, the Commercial Tax Officer passed an order dated 30.1.2004, making a demand together with a penalty under Section 12(3)(b) of the Act. As against the order of assessment, the petitioner filed an appeal before the Appellate Assistant Commissioner in A.P.No.40/2004. During the pendency of the appeal, the Department filed an enhancement application for enhancing the cost of repair ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 0 was passed and it came into effect from 1.6.2010. Taking advantage of the provisions of this Act, the assessee filed an application for settlement. On 31.8.2010, the application was accepted and the assessee paid the entire arrears of tax together with 25% of the interest computed on the entire arrears at 6% per annum. The application for settlement was allowed on 7.2.2011 and a certificate in t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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