https://www.taxtmi.com/caselaws?id=160165 Penalty under section 15-A(1)(o) of the U.P. Sales Tax Act could not be sustained where the liability arose only because an amendment was later given retrospective effect to cover an earlier period. The court noted that the amendment creating the liability was enacted on 5 October 1982 but made effective from 27 September 1979, so the assessee could not reasonably have anticipated that the earlier import transaction would later attract tax and penalty. In that setting, the Tribunal was justified in setting aside the penalty, and the revision failed. en-us Wed, 26 Aug 1998 00:00:00 +0530 Tue, 10 Dec 2013 18:21:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160165 Penalty under section 15-A(1)(o) of the U.P. Sales Tax Act could not be sustained where the liability arose only because an amendment was later given retrospective effect to cover an earlier period. The court noted that the amendment creating the liability was enacted on 5 October 1982 but made effective from 27 September 1979, so the assessee could not reasonably have anticipated that the earlier import transaction would later attract tax and penalty. In that setting, the Tribunal was justified in setting aside the penalty, and the revision failed. Case-Laws VAT and Sales Tax Wed, 26 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160165