https://www.taxtmi.com/caselaws?id=168024 Penalty for concealment or filing a false return could not be sustained where the dealer had fully disclosed the transactions in the return and books, and the dispute arose only from a bona fide claim that the goods were exempt. A genuine legal interpretation, without concealment, falsity, deliberate defiance of law, or conscious disregard of obligation, did not satisfy the conditions for penalty. The penalty order and revisional confirmation were therefore set aside. en-us Sat, 27 Aug 2011 00:00:00 +0530 Thu, 01 Jan 2015 22:09:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168024 Penalty for concealment or filing a false return could not be sustained where the dealer had fully disclosed the transactions in the return and books, and the dispute arose only from a bona fide claim that the goods were exempt. A genuine legal interpretation, without concealment, falsity, deliberate defiance of law, or conscious disregard of obligation, did not satisfy the conditions for penalty. The penalty order and revisional confirmation were therefore set aside. Case-Laws VAT and Sales Tax Sat, 27 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168024