Waiver of interest and penalty on tool sales applies only where excess tax was not recovered from buyers. Waiver of interest and penalty on the sale of all types of tools during the period from 30.09.2008 to 13.02.2015 is directed for outstanding tax demand, including tax charged above 4% tax plus applicable additional tax, where traders have not recovered the excess tax amount from buyers or consumers during that period. Amounts already recovered are not to be refunded, and the concerned tax assessing officer is empowered to pass the waiver order.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Waiver of interest and penalty on tool sales applies only where excess tax was not recovered from buyers.
Waiver of interest and penalty on the sale of all types of tools during the period from 30.09.2008 to 13.02.2015 is directed for outstanding tax demand, including tax charged above 4% tax plus applicable additional tax, where traders have not recovered the excess tax amount from buyers or consumers during that period. Amounts already recovered are not to be refunded, and the concerned tax assessing officer is empowered to pass the waiver order.
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