HC deletes VAT penalty as assessee hadn't claimed any ineligible tax benefit

CST & VAT: Karnataka VAT - Where assessee had purchased goods after payment of input tax and it was not liable to pay any output tax and Assessing Authority imposed penalty upon it under section 72(2) on plea that in return it had put forward a claim for input tax credit to which it was not eligible, since assessee had not claimed any tax benefit, imposition of penalty was not justified