Waiver of interest on sales tax collect under deferment scheme
Mukesh Khandelwal
(Querist) 07 October 2013
This query is : Resolved
One of my client avail the tax Deferment scheme 1989 for the period of 22.01.1992 to 21.01.1999. He collects tax from purchaser and the 75% amount use in his business. This business was run under Pvt. Ltd. Co. Due to Honorable Supreme Court guidelines, state Government Issue an order to shut down the business in manner of Population Control. The Commercial Tax department held possession on this unit for recovery of balance Deferment tax liability. Till today from closer the possession of Commercial Tax Department.
The business was closed in running position and suffered with a great economic loss.
After it commercial tax department issue a notice to deposit the tax liability with interest. Assessees apply for waiver of Tax and Interest. The application was rejecting. CTO issue notice for proclamation of sale. Assessee has deposited the original tax liability and request to CTO to please stop the proclamation of sale.
Now assessees want to reapply a fresh application for waiver of Interest amount.
Please guide me and if any case laws available then pleases provide me….
Thanks a lot
With regards
Mukesh Khnadelwal
9828242065
R.K Nanda
(Expert) 08 October 2013
consult tax lawyer.
ajay sethi
(Expert) 08 October 2013
for case law search indian kanoon website
Mukesh Khandelwal
(Querist) 03 June 2014
Congratulations to all, in this case honorable CCT Rajasthan ordered for wave of 90% of total interest Rs. 29.85 Lakh
