https://www.taxtmi.com/caselaws?id=162713 Penalty under section 12-B(4) of the Karnataka Sales Tax Act was covered by Circular No. 3 of 1999-2000, which granted one-time relief by waiving penalty and part of the interest for specified assessment years if arrears were paid before 30 June 1999. The Court construed the circular according to its remedial object and accepted that the assessee's tax arrears and penalty related to the same assessment year and were paid within the stipulated time. It rejected the department's narrower reading that both tax and penalty had to remain due before waiver could be claimed, describing that construction as unreasonable and absurd. The assessee was therefore entitled to waiver of the penalty. en-us Tue, 31 May 2005 00:00:00 +0530 Thu, 13 Mar 2014 11:20:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162713 Penalty under section 12-B(4) of the Karnataka Sales Tax Act was covered by Circular No. 3 of 1999-2000, which granted one-time relief by waiving penalty and part of the interest for specified assessment years if arrears were paid before 30 June 1999. The Court construed the circular according to its remedial object and accepted that the assessee's tax arrears and penalty related to the same assessment year and were paid within the stipulated time. It rejected the department's narrower reading that both tax and penalty had to remain due before waiver could be claimed, describing that construction as unreasonable and absurd. The assessee was therefore entitled to waiver of the penalty. Case-Laws VAT and Sales Tax Tue, 31 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162713