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VAT - Highlights / Catch Notes

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Penalty u/s 34(7) of VAT Act - The legislature having set out an ...


High Court Sets Aside Penalty Due to Discretionary Powers u/s 34(7) of VAT Act.

June 14, 2017

Case Laws     VAT and Sales Tax     HC

Penalty u/s 34(7) of VAT Act - The legislature having set out an upper limit for imposition of penlaty without providing for any minimum mandatory tax, has left a wide discretion on the competent authority which discretion must be exercised taking into account relevant factors - penalty set aside - HC

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