Levy of penalty - Bonafide opinion of the assessee - On strict ...

VAT and Sales Tax

April 20, 2023

Levy of penalty - Bonafide opinion of the assessee - On strict interpretation of Section 45 and Section 47 of the Act, 1969, the only conclusion would be that the penalty and interest leviable under Section 45 and 47(4A) of the Act, 1969 are statutory and mandatory and there is no discretion vested in the Commissioner/Assessing Officer to levy or not to levy the penalty and interest other than as mentioned in Section 45(6) and Section 47 of the Act, 1969 - HC is not correct in deleting the penalty - SC

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Levy of penalty - Bonafide opinion of the assessee - On strict ...

VAT and Sales Tax

April 20, 2023

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