https://www.taxtmi.com/caselaws?id=263856 Penalty under the Karnataka Sales Tax Act was unsustainable because a pre-assessment payment made by cheque was ignored in computing the balance demand and consequential penalty. The reassessment also applied a higher turnover-tax rate despite reliance on a notification prescribing a lower rate for iron and steel. Reliance on non-filing of Form 32B was misplaced because the proviso underpinning that requirement had been omitted before the relevant assessment year. The revisional order was therefore liable to be set aside in favour of the assessee. en-us Thu, 10 Apr 2014 00:00:00 +0530 Fri, 11 Sep 2015 07:59:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263856 Penalty under the Karnataka Sales Tax Act was unsustainable because a pre-assessment payment made by cheque was ignored in computing the balance demand and consequential penalty. The reassessment also applied a higher turnover-tax rate despite reliance on a notification prescribing a lower rate for iron and steel. Reliance on non-filing of Form 32B was misplaced because the proviso underpinning that requirement had been omitted before the relevant assessment year. The revisional order was therefore liable to be set aside in favour of the assessee. Case-Laws VAT and Sales Tax Thu, 10 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263856