Court upholds Tribunal decision setting aside penalty under Sales Tax Act; emphasizes bona fide actions

The Rajasthan HC upheld the Sales Tax Tribunal's decision to set aside a penalty under section 16(1)(e) of the Act. The Tribunal ruled that the assessee's actions were bona fide, with no deliberate concealment of facts. The Court highlighted that differences in assessment figures alone do not justify a penalty if the books of account accurately reflect transactions. The revision petition was dismissed without costs.

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The Rajasthan High Court upheld the Sales Tax Tribunal's decision to set aside a penalty levied under section 16(1)(e) of the Act. The Tribunal found that the assessee's actions were bona fide as there was no deliberate concealment of facts or inaccurate particulars in the return. The Court emphasized that the mere difference in assessment figures does not warrant penalty if entries in the books of account accurately reflect the transactions. The revision petition was dismissed with no costs.

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