Monday 27 April 2015

No penalty on short payment of tax when it wasn’t attributable to negligence of assessee

CST & VAT : Maharashtra VAT - Where Assessing Authority levied penalty upon assessee under section 36(2)(c) read with Explanation 1 on plea that it had made lesser payment of tax along with returns, since lesser payment of tax was not attributable to a neglect by assessee, levy of penalty was not justified

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