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TMI Blog2022 (6) TMI 700X X X X Extracts X X X X X X X X Extracts X X X X ..... x being admitted tax tax levied on additions made in assessment upon which interest has been levied, had this been done, and the assessing authority made a bifurcation as regards the interest related to the belated payment of admitted tax and the interest relating to the tax on added turnover, there would have been no necessity for further discussion in relation to the first category of interest - All that would have remained is for the assessee to make its submission in regard to the second component of interest, that is the interest on the payments of tax on additional turn over. However, this has not been done, as a result that there is no clarity on the bifurcation and consequently, the interest relating to the two components. Need ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the company, take stock and move forward in a peaceful manner settling all statutory liabilities. At that juncture, the petitioner had received notices for arrears of TNVAT, TNGST and CST and had responded to the Department disavowing all liability in this regard. 4. As far as the TNVAT demand is concerned, it had also challenged the orders of assessment giving rise to the demands on the ground that the assessments were themselves irregular. The original assessments for the periods 2006-2007 to 2012-2013 had come to be set aside and had been redone on 07.06.2016. The tax demands are stated to have, admittedly, been settled in full. 5. While this is so, impugned notice dated 05.02.2019 has come to be passed wherein interest has been le ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 6.2022, when he shall receive from the Assessing Officer, the bifurcation of the amounts of tax paid and consequent interest payments levied thereupon. 10. The petitioner has also raised a dispute regarding the rate of interest imposed wherein the rate stands enhanced from 1.5% to 2% with effect from 28.05.2013. The petitioner will be permitted to make his submissions in this regard also before the Assessing Authority, who shall consider the same and raise demands afresh categorizing clearly the interest payable on the admitted tax and the interest demanded for the subsequent amounts and the applicable rate. 11. As far as the other two Writ Petitions are concerned, Mr.Prashanth submits that the same position as in the aforesaid paragr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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