https://www.taxtmi.com/caselaws?id=164311 Penalty under section 15A(1)(a) of the U.P. Trade Tax Act, 1948 applies only where tax is not deposited without reasonable cause, and a short delay may be excused if the explanation is credible. The assessee showed continuous losses, financial distress, and a four-day delay in payment, with the tax later paid in full. The explanation was accepted as plausible and no contumacious default was found. On these facts, the Allahabad HC held that penal action was not warranted and the penalty was liable to be set aside. en-us Thu, 02 Apr 2009 00:00:00 +0530 Wed, 12 Nov 2014 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164311 Penalty under section 15A(1)(a) of the U.P. Trade Tax Act, 1948 applies only where tax is not deposited without reasonable cause, and a short delay may be excused if the explanation is credible. The assessee showed continuous losses, financial distress, and a four-day delay in payment, with the tax later paid in full. The explanation was accepted as plausible and no contumacious default was found. On these facts, the Allahabad HC held that penal action was not warranted and the penalty was liable to be set aside. Case-Laws VAT and Sales Tax Thu, 02 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164311