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VAT - Highlights / Catch Notes

Home Highlights December 2023 Year 2023 This

Levy of penalty u/s 86 of the DVAT Act, 2004 - Bonafide Beliefs ...


No Penalty for Good Faith Belief on Tax Exclusion of Reprocessed Vehicle Sales Under DVAT Act, Rules High Court.

December 15, 2023

Case Laws     VAT and Sales Tax     HC

Levy of penalty u/s 86 of the DVAT Act, 2004 - Bonafide Beliefs - The appellants had while furnishing their returns proceeded on the bona fide belief that revenues generated from the sale of reprocessed vehicles would not be exigible to tax under the Act. - No penalty - HC

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