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VAT - Highlights / Catch Notes

Home Highlights December 2023 Year 2023 This

Levy of penalty u/s 86 of the DVAT Act, 2004 - Bonafide Beliefs ...

VAT and Sales Tax

December 15, 2023

Levy of penalty u/s 86 of the DVAT Act, 2004 - Bonafide Beliefs - The appellants had while furnishing their returns proceeded on the bona fide belief that revenues generated from the sale of reprocessed vehicles would not be exigible to tax under the Act. - No penalty - HC

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