Interest not leviable as orders set aside and no taxable dues found: Gauhati HC

Indian Oil Corporation Ltd Vs State of Assam And 3 Ors. (Gauhati High Court)

Gauhati High Court held that once the assessment order of the authorities are set aside and matter is remanded back and on assessment, no taxable due was found, no interest can be levied.

Facts- The petitioner Indian Oil Corporation has been purchasing various petroleum products from BRPL on payment of Sales Tax as per provisions of the Act, 1993.

The Union of India at the relevant point of time, constituted Oil Prices Committee and said committee recommended that the dealers

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