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VAT - Highlights / Catch Notes

Home Highlights May 2017 Year 2017 This

Levy of penalty - Rate of tax - Solvent Cement Solution - ...


High Court rules no penalty for Solvent Cement Solution tax classification dispute due to valid differing interpretations.

May 25, 2017

Case Laws     VAT and Sales Tax     HC

Levy of penalty - Rate of tax - Solvent Cement Solution - classification - it is a case of classification and two views are possible and at least the assessee also succeeded before the Dy. Commissioner (A) and in my view, once it is a case of classification then the penalty need not be levied - penalty set aside - HC

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