Supreme Court · 2011 INSC 271 · Decided 5 April 2011
Pepsico India Holdings LTD. v. Commissioner of Trade Tax, Lucknow, U.P.
- Court
- Supreme Court of India
- Citation
- 2011 INSC 271 · [2011] 4 S.C.R. 723
- Case number
- CIVIL APPEAL No. 2926/2011
- Decided
- 5 April 2011
- Bench
- MUKUNDAKAM SHARMA, ANIL R. DAVE (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
UP. Trade Tax Act, 1948: s.8(1) and its Explanation, s.8(18) - Interest on delayed payment of tax - Whether payable as per s.8(1) or as per s.8(18) - Held: If tax is admittedly payable and is not paid, the same becomes payable along with interest as mentioned A B c in s.8(1) confirmed by the Court that the tax is 0 payable under the Act, it would be covered within the definition of the term "the tax admittedly payable" as defined in the explanation to s.8(1) and, in case, the tax had not been paid then the same becomes payable along with interest as
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