https://www.taxtmi.com/caselaws?id=169035 Penalty under Section 61 of the Rajasthan VAT Act was held not exigible where the assessee had disclosed the sales in its books and returns, and the dispute arose only from a bona fide difference over interpretation and classification of goods. The records showed no concealment or misinformation, so additional tax and interest did not by themselves justify automatic penalty. The principle applied was that penalty cannot follow merely because the department's view on classification is ultimately accepted. en-us Tue, 02 Sep 2014 00:00:00 +0530 Mon, 06 Apr 2015 21:07:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169035 Penalty under Section 61 of the Rajasthan VAT Act was held not exigible where the assessee had disclosed the sales in its books and returns, and the dispute arose only from a bona fide difference over interpretation and classification of goods. The records showed no concealment or misinformation, so additional tax and interest did not by themselves justify automatic penalty. The principle applied was that penalty cannot follow merely because the department's view on classification is ultimately accepted. Case-Laws VAT and Sales Tax Tue, 02 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169035