https://www.taxtmi.com/caselaws?id=162360 The High Court dismissed the revision petitions concerning penalty under the Rajasthan Sales Tax Act of 1954, finding no concealment in the assessee's stand on the taxability of transactions. The penalty was set aside as the court agreed with the Board's decision that taking a bona fide stand on a debatable issue does not warrant penalty. The court also decided to keep matters pending that raised similar taxability questions to those before the Supreme Court, ultimately affirming the Board's decision and not awarding costs. en-us Mon, 10 Jan 2000 00:00:00 +0530 Tue, 25 Feb 2014 15:02:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162360 The High Court dismissed the revision petitions concerning penalty under the Rajasthan Sales Tax Act of 1954, finding no concealment in the assessee's stand on the taxability of transactions. The penalty was set aside as the court agreed with the Board's decision that taking a bona fide stand on a debatable issue does not warrant penalty. The court also decided to keep matters pending that raised similar taxability questions to those before the Supreme Court, ultimately affirming the Board's decision and not awarding costs. Case-Laws VAT and Sales Tax Mon, 10 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162360