Friday, 3 January 2014

No intention to evade duty in revenue neutral cases; it's a strong ground to set aside evasion penal

GST : If amount payable by one unit of assessee would have been allowed as credit to other unit of same assessee, entire issue is revenue neutral and, therefore, evasion penalty imposed is liable to be set aside on ground of revenue neutrality, as there cannot be any intention to evade duty


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