https://www.taxtmi.com/caselaws?id=166382 The court examined the penalty imposition under section 53(12)(a)(ii) of the Karnataka Value Added Tax Act, 2003. It found the revisional authority's decision to enhance the penalty to three times the tax amount arbitrary and reduced it to 1 1/2 times the tax amount. The court upheld the revisional authority's decision on the dispute regarding the quantity of M.S. tor steel transported. The penalty amount imposed was deemed unjustifiable and reduced to 1 1/2 times the tax amount, aligning with the original authority's proposal. The court allowed the appeal in part, confirming the revisional authority's decision while reducing the penalty to the initial amount imposed by the original authority. en-us Thu, 23 Jun 2011 00:00:00 +0530 Mon, 22 Sep 2014 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166382 The court examined the penalty imposition under section 53(12)(a)(ii) of the Karnataka Value Added Tax Act, 2003. It found the revisional authority's decision to enhance the penalty to three times the tax amount arbitrary and reduced it to 1 1/2 times the tax amount. The court upheld the revisional authority's decision on the dispute regarding the quantity of M.S. tor steel transported. The penalty amount imposed was deemed unjustifiable and reduced to 1 1/2 times the tax amount, aligning with the original authority's proposal. The court allowed the appeal in part, confirming the revisional authority's decision while reducing the penalty to the initial amount imposed by the original authority. Case-Laws VAT and Sales Tax Thu, 23 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166382