https://www.taxtmi.com/caselaws?id=148593 The Court upheld the Sales Tax Appellate Tribunal's decision to refund a penalty imposed on a dealer for default in tax payment under provisional assessment. It ruled that penalty liability ceases upon reduction of tax in the final assessment, emphasizing that penalty should align with the tax determined by the final assessment, not the provisional assessment, to avoid unjust imposition. The Court referenced relevant provisions of the Mysore Sales Tax Act, highlighting that altered assessments supersede original ones, making penalties immediately refundable in case of reduced tax liability. en-us Wed, 28 Aug 1968 00:00:00 +0530 Tue, 30 Apr 2013 16:50:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148593 The Court upheld the Sales Tax Appellate Tribunal's decision to refund a penalty imposed on a dealer for default in tax payment under provisional assessment. It ruled that penalty liability ceases upon reduction of tax in the final assessment, emphasizing that penalty should align with the tax determined by the final assessment, not the provisional assessment, to avoid unjust imposition. The Court referenced relevant provisions of the Mysore Sales Tax Act, highlighting that altered assessments supersede original ones, making penalties immediately refundable in case of reduced tax liability. Case-Laws VAT and Sales Tax Wed, 28 Aug 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148593