Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
CGST - Acts + GST Rates GST Ntf. GST Forms GST - Manual GST - FAQ State GST Acts SGST Ntf. I. Tax Manual
Extracts
Home List
← Previous Next →

M/s. Star Enterprises Versus Commissioner of Central Excise, Aurangabad

Penalty u/s 78 - VCES scheme - false delaration made by assessee - differential tax with interest was paid by assessee on being pointed out by Revenue regarding false declaration - Held that: - Since there is a false declaration, the appellants cannot be absolved from the penalty as malafide intention is clearly proved - penalty upheld. - There is no dispute on the fact that appellants while availing VCES gave a false declaration as they have not declared the correct dues. Therefore, their c .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ax dues is ₹ 13,55,3,70/- on the basis of income tax returns and balance sheet. Accordingly, show-cause notice was Issued on the allegation of false declaration. The appellants have discharged the entire tax liability but not within the time prescribed under the VCES along with part amount of interest also. The demand was confirmed by the adjudicating authority of ₹ 12,61,989/- and also imposed equal amount of penalty under Section 78. He also ordered recovery of interest on the conf .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

han 50% of the tax dues even as determined by the department has been paid on 31.12.2013. He submits that for remaining amount the period was available with interest up to 31.12.2014. He submits that the entire remaining amount was paid before 31.12.2014 therefore except minor mistake in declaring the total tax dues, there is no other lapse as the amount determined by the department was paid well within the prescribed time limit. Therefore, the penalty should not be imposed. 3. Shri M.P. Damle, .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version