Levy of penalty - mens-rea - KVAT - When the formula was so ...
High Court Upholds Penalty Under KVAT for Not Applying Clear Formula; Tribunal's Decision Deemed Reasonable.
June 24, 2016
Case Laws VAT and Sales Tax HC
Levy of penalty - mens-rea - KVAT - When the formula was so clear as found by the Tribunal, and if it was not applied, the view taken by the Tribunal that the action was not unintentional cannot be said to be an impossible view - levy of penalty confirmed - HC
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