Supreme Court of India
Pepsico India Holdings Ltd. v. Commissioner of Trade Tax, Lucknow, U.P.
INSC stands for INDIAN SUPREME COURT. A neutral citation scheme assigned by the Court itself, so a judgment can be cited without depending on a commercial law reporter. INSC is the neutral citation scheme assigned by the Supreme Court, so a judgment can be cited without depending on a commercial law reporter.
What the Court ordered
Resultantly, interest, if any, can only be charged under Section 8 (1 B) which covers · the cases which does not fall within the ambit of Section 8 (1) of the Act.
Judgment, page 7
From the 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 c in s.8(1) - Once it is. 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 mentioned in s.8(1) - Provisions
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