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2009 (4) TMI 876 - WEST BENGAL TAXATION TRIBUNALPenalty of ₹ 3,16,63,140 imposed under section 79 of the West Bengal Value Added Tax Act, 2003 - Held that:- The facts revealed that the applicant was thoroughly negligent in the matter of compliance with statutory obligations. We, therefore, do not find any reason to interfere with regard to the initiation of penalty proceedings. Though admittedly goods were received by Bokaro Steel Plant, unexplained violation of the statutory provision cannot be totally ignored. Recurring incidence of such negligence and unexplained violation should be discouraged. However, considering the facts and circumstances, we are of the view that the quantum of penalty should be kept at minimum. We reduce the quantum of penalty to ₹ 63,32,625 being five per cent of the value estimated by STO/CS.
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