Southern Agrifurane Industries Ltd vs Commercial Tax Officer & Ors

The Supreme Court ruled that the appellant is liable to pay interest on the balance of sales tax dues for the period 1.10.93 to 30.9.94 under Section 24(3) of the Tamil Nadu General Sales Tax Act, 1959, despite the deferment granted under Section 17A(2) of the same Act. The Court held that the deferment did not exempt the appellant from interest obligations, establishing that interest is applicable unless explicitly waived. Consequently, the appeal was dismissed, affirming the liability to pay interest.