https://www.taxtmi.com/caselaws?id=158835 The Court upheld the penalty imposed under section 10-A of the Central Sales Tax Act, 1956 for misuse of "C" forms by the assessee. The Tribunal's decision to set aside the tax demand under section 10-A was challenged, arguing that if the tax levy is set aside, no penalty can be imposed. However, the Court held that the penalty is based on potential tax liability, not the actual tax assessed, and since the levy of tax had not been set aside, the penalty was upheld. The Court dismissed the revision cases and affirmed the penalty imposed on the assessee. en-us Fri, 06 Sep 1996 00:00:00 +0530 Thu, 07 Nov 2013 18:24:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158835 The Court upheld the penalty imposed under section 10-A of the Central Sales Tax Act, 1956 for misuse of "C" forms by the assessee. The Tribunal's decision to set aside the tax demand under section 10-A was challenged, arguing that if the tax levy is set aside, no penalty can be imposed. However, the Court held that the penalty is based on potential tax liability, not the actual tax assessed, and since the levy of tax had not been set aside, the penalty was upheld. The Court dismissed the revision cases and affirmed the penalty imposed on the assessee. Case-Laws VAT and Sales Tax Fri, 06 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158835