https://www.taxtmi.com/caselaws?id=163548 Penalty under a fiscal statute is not attracted by a bona fide technical mistake where there is no deliberate, contumacious, or dishonest conduct. The assessee's input-tax credit claim exceeded its output tax liability, and the disputed credit was claimed in one instalment rather than spread over the year, causing no revenue loss or unlawful gain. On those facts, the Punjab and Haryana High Court held that the penal provision could not be invoked and the consequential additional demand was unsustainable. en-us Mon, 25 Aug 2008 00:00:00 +0530 Sat, 29 Nov 2014 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163548 Penalty under a fiscal statute is not attracted by a bona fide technical mistake where there is no deliberate, contumacious, or dishonest conduct. The assessee's input-tax credit claim exceeded its output tax liability, and the disputed credit was claimed in one instalment rather than spread over the year, causing no revenue loss or unlawful gain. On those facts, the Punjab and Haryana High Court held that the penal provision could not be invoked and the consequential additional demand was unsustainable. Case-Laws VAT and Sales Tax Mon, 25 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163548