Change of constitution of the firm - business of father carried ...
Son Continues Father's Business Without Notification, Court Reverses Input Credit Claim but Avoids Severe Penalties.
October 24, 2016
Case Laws VAT and Sales Tax HC
Change of constitution of the firm - business of father carried on by son, when father died, without intimation to Department - input credit taken by son reversed - The mistake committed by the petitioner can be treated only as an illegality, for which, a capital punishment cannot be imposed on the dealer - HC
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