9911796707
TMI Blog2024 (7) TMI 676X X X X Extracts X X X X X X X X Extracts X X X X ..... 52,991/- paid by the petitioner on 17.09.2017, the excess amount of Rs. 1,871/- has been adjusted towards tax liability for period between 01.10.2020 and 31.12.2020 - the respondent has re-calculated the above said amount of Rs. 1,11,581/-, there is no justification in imposing penalty on the petitioner for no fault of the petitioner. The petitioner entertained a bona fide view that the petitione ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on No.TN-69-AY-4384 purchased by her in the year 2010. 2 . Up to 2017, the petitioner was paying tax on quarterly basis and on 17.09.2017, the petitioner ascertained the Life Tax to be paid and remitted a sum of Rs. 52,991/- for the period between 01.10.2017 and 14.12.2025. When the petitioner approached the respondent in connection with transfer of registration in favour of the prospective buyer, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... /- paid by the petitioner on 17.09.2017, the excess amount of Rs. 1,871/- has been adjusted towards tax liability for period between 01.10.2020 and 31.12.2020 as follows:- Tax Period Amount due in Rs. Less already paid amount in Rs. Revised Amount in Rs. 01.10.2020 - 31.12.2020 4500 1871 2629 5 . For the residual periods, following tax has been now computed by the respondent:- Tax Period Tax Amoun ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or the period between 01.10.2017 and 14.12.2025. Therefore, imposition of penalty cannot be justified. Under these circumstances, the petitioner is directed to pay the differential tax due and payable by her together with 1% towards Government Labour Welfare Scheme through the Regional Transport Office. 8 . In the result, the petitioner shall pay a sum of Rs. 54,702/- as detailed below:- Tax Perio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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