https://www.taxtmi.com/caselaws?id=163466 Penalty for delayed deposit of admitted tax under the U.P. Trade Tax Act was held unwarranted where the dealer showed an undisputed financial crisis as the cause of delay. The court treated the explanation as a reasonable cause, noted that the tax was later deposited with interest, and applied the principle that penalty is not automatic but depends on a judicial assessment of whether the default was without reasonable cause. The penalty orders were set aside and the revisions were allowed. en-us Tue, 26 Oct 2004 00:00:00 +0530 Thu, 03 Apr 2014 10:40:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163466 Penalty for delayed deposit of admitted tax under the U.P. Trade Tax Act was held unwarranted where the dealer showed an undisputed financial crisis as the cause of delay. The court treated the explanation as a reasonable cause, noted that the tax was later deposited with interest, and applied the principle that penalty is not automatic but depends on a judicial assessment of whether the default was without reasonable cause. The penalty orders were set aside and the revisions were allowed. Case-Laws VAT and Sales Tax Tue, 26 Oct 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163466