https://www.taxtmi.com/caselaws?id=153258 The Sales Tax Tribunal upheld the decision to reduce the penalty imposed on the manufacturer for underpayment of tax due to a bona fide mistake and ignorance of the tax rate increase. Despite finding no mens rea or mala fide, the Tribunal imposed a token penalty of Rs. 300 instead of the minimum penalty required by law. The Court noted the unintentional nature of the failure to deposit tax and the lack of awareness regarding the increased tax rate, ultimately upholding the Tribunal's decision due to the assessee's failure to file a revision. en-us Thu, 17 Sep 1981 00:00:00 +0530 Sat, 20 Jul 2013 15:15:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153258 The Sales Tax Tribunal upheld the decision to reduce the penalty imposed on the manufacturer for underpayment of tax due to a bona fide mistake and ignorance of the tax rate increase. Despite finding no mens rea or mala fide, the Tribunal imposed a token penalty of Rs. 300 instead of the minimum penalty required by law. The Court noted the unintentional nature of the failure to deposit tax and the lack of awareness regarding the increased tax rate, ultimately upholding the Tribunal's decision due to the assessee's failure to file a revision. Case-Laws VAT and Sales Tax Thu, 17 Sep 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153258