https://www.taxtmi.com/caselaws?id=153625 Penalty for short deposit under the Punjab General Sales Tax Act was upheld because the assessee admitted the default and its explanation of inadvertence and calendar-year based quarterly returns did not rebut the finding of lapse. The Tribunal had considered the explanation, granted adequate opportunity, and treated the failure to file revised returns as a relevant circumstance. No irrelevant factor was shown in the Tribunal's approach, and there was no sufficient basis to interfere with the penalty. The penalty was therefore sustained against the assessee. en-us Tue, 14 Dec 1982 00:00:00 +0530 Thu, 25 Jul 2013 18:10:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153625 Penalty for short deposit under the Punjab General Sales Tax Act was upheld because the assessee admitted the default and its explanation of inadvertence and calendar-year based quarterly returns did not rebut the finding of lapse. The Tribunal had considered the explanation, granted adequate opportunity, and treated the failure to file revised returns as a relevant circumstance. No irrelevant factor was shown in the Tribunal's approach, and there was no sufficient basis to interfere with the penalty. The penalty was therefore sustained against the assessee. Case-Laws VAT and Sales Tax Tue, 14 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153625