https://www.taxtmi.com/caselaws?id=158996 The Court ruled in favor of the petitioner-company, finding that the imposition of penalties and interest for alleged late tax deposits was arbitrary and an abuse of power. Despite minor delays in tax payments, the Court held that the petitioner complied with the law within the prescribed timeframe, warranting the quashing of the penalties and interest totaling Rs. 7,66,422. The Court emphasized the importance of fair treatment and proportionate penalties in tax enforcement, directing the respondents to pay costs of Rs. 5,000 to the petitioner-company. en-us Wed, 21 Aug 1996 00:00:00 +0530 Tue, 12 Nov 2013 16:17:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158996 The Court ruled in favor of the petitioner-company, finding that the imposition of penalties and interest for alleged late tax deposits was arbitrary and an abuse of power. Despite minor delays in tax payments, the Court held that the petitioner complied with the law within the prescribed timeframe, warranting the quashing of the penalties and interest totaling Rs. 7,66,422. The Court emphasized the importance of fair treatment and proportionate penalties in tax enforcement, directing the respondents to pay costs of Rs. 5,000 to the petitioner-company. Case-Laws VAT and Sales Tax Wed, 21 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158996