Thursday 16 January 2014

No penalty if a definite finding was recorded by lower authorities that assessee wasn’t guilty of du

CST & VAT : Where a definite finding is recorded by lower authorities that assessee : (a) was registered under entry tax laws and (b) was paying tax and (c) had produced proof of payment of tax before Assessing Officer and (d) was not guilty of evasion, there was no question of levy of penalty on assessee


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