TMI BlogPenalty for Recording Transactions Under VAT and Sales Tax Laws Overturned Due to Illegal and Arbitrary Actions by Authorities.Levy of penalty - Recording of transaction in the books of accounts - It was not a case where the penalty proceedings could legally be initiated and in fact, the Assessing Authority as well as the Tribunal were illegally and arbitrarily proceeded to impose and confirm the penalty. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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