Input tax credit - The assessee claimed input tax credit by ...

Court Imposes Minimum 10% Penalty Despite Assessee's Honest Input Tax Credit Claim; Legal Interpretation Dispute.

June 10, 2015

Case Laws VAT and Sales Tax HC

Input tax credit - The assessee claimed input tax credit by depicting the true and correct facts. Though we have decided the case against the assessee, but it cannot be said that the dealer had claimed this input tax credit with a view to evade or avoid payment of tax. It is a plain and simple case of different interpretations of the provisions of law. - Minimum penalty of 10% imposed - HC

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Input tax credit - The assessee claimed input tax credit by ...

Court Imposes Minimum 10% Penalty Despite Assessee's Honest Input Tax Credit Claim; Legal Interpretation Dispute.

June 10, 2015

Case Laws VAT and Sales Tax HC

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