https://www.taxtmi.com/caselaws?id=221974 The Court dismissed the revision in a case involving penalty proceedings against the assessee for the importation of Dharamkanta. The Court emphasized the necessity of establishing the importation's invalidity through a revised assessment before imposing penalties. It was concluded that the penalty proceeding lacked a valid basis as the tax liability was not adjusted from 4% to 10% ad valorem, leading to the dismissal of the revision despite agreeing that initiating the penalty after 16 years was unjustified. The Court highlighted the importance of following proper assessment procedures in penalty proceedings. en-us Thu, 27 Dec 2012 00:00:00 +0530 Mon, 08 Apr 2013 18:16:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221974 The Court dismissed the revision in a case involving penalty proceedings against the assessee for the importation of Dharamkanta. The Court emphasized the necessity of establishing the importation's invalidity through a revised assessment before imposing penalties. It was concluded that the penalty proceeding lacked a valid basis as the tax liability was not adjusted from 4% to 10% ad valorem, leading to the dismissal of the revision despite agreeing that initiating the penalty after 16 years was unjustified. The Court highlighted the importance of following proper assessment procedures in penalty proceedings. Case-Laws VAT and Sales Tax Thu, 27 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221974