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2016 (6) TMI 985 - HC - VAT and Sales TaxLevy of penalty - bonafide belief - matter was related to interpretation of notification - levy of local entry tax on transformer oil - Held that:- Hence, the appeals are partly allowed. The order of the Revisional Authority as well as Assessing Officer so far as it relates to payment of tax, interest is concerned, the same is maintained and not interfered with. However, the order of the Additional Commissioner and the Assessing Officer for the imposition of the penalty is set aside. The Assessing Officer is directed to issue fresh demand excluding penalty portion. - Decided partly in favor of assessee.
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