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VAT - Highlights / Catch Notes

Home Highlights June 2016 Year 2016 This

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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