MARUTI WIRE INDS. PVT.LTD. vs S.T.O., IST CIRCLE,MATTANCHERRY

The Supreme Court addressed the liability of an assessee to pay penal interest under Section 23(3) of the Kerala General Sales Tax Act, 1963, for failure to file a return and pay tax. The Court held that the expression 'if the tax or any other amount assessed' in Section 23(3) includes cases where no return was filed, thus affirming the demand for penal interest. The appeal was dismissed, upholding the decision of the High Court that the appellant was liable for penal interest from the due date of the return until the payment was made.