COMNR. OF TRADE TAX, U.P. vs M/S. KANHAI RAM THEKEDAR

The Supreme Court held that a notice of demand is necessary before imposing interest on delayed tax payments under the U.P. Trade Tax Act. The Court affirmed the High Court's decision to quash the interest demand due to the absence of such notice, establishing that the imposition of interest requires procedural compliance. The appeal by the Commissioner of Trade Tax was dismissed, upholding the High Court's ruling.