https://www.taxtmi.com/caselaws?id=264605 Penalty under section 12B(4) of the Karnataka Sales Tax Act was sustained where the concession certificate was confined to the new sugar unit at Munavalli and did not extend to the other four units. As no modified or fresh certificate covered those units, the claim of bona fide mistaken belief was rejected. The statutory discretion in imposing penalty required consideration of surrounding circumstances, including bona fides and later conduct, but the facts showed conscious disregard of the obligation to pay purchase tax on time. The reduced penalty imposed by the first appellate authority was therefore justified, and the challenge failed. en-us Wed, 17 Sep 2014 00:00:00 +0530 Mon, 28 Sep 2015 15:17:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264605 Penalty under section 12B(4) of the Karnataka Sales Tax Act was sustained where the concession certificate was confined to the new sugar unit at Munavalli and did not extend to the other four units. As no modified or fresh certificate covered those units, the claim of bona fide mistaken belief was rejected. The statutory discretion in imposing penalty required consideration of surrounding circumstances, including bona fides and later conduct, but the facts showed conscious disregard of the obligation to pay purchase tax on time. The reduced penalty imposed by the first appellate authority was therefore justified, and the challenge failed. Case-Laws VAT and Sales Tax Wed, 17 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264605