1967 (7) TMI 120 - HC - VAT and Sales Tax

Summary

The High Court of Madras allowed the petition against the penalty of Rs. 8,978 imposed under section 10(d) of the Central Sales Tax Act, 1956. The penalty was not justified as the assessee had a reasonable excuse for using the goods in execution of contracts based on the old forms issued to him. The court referred to a previous Supreme Court judgment and a Division Bench ruling to support their decision. No costs were awarded. (Case citation: 1967 (7) TMI 120 - MADRAS HIGH COURT)