https://www.taxtmi.com/caselaws?id=264941 The court set aside penalty orders imposed under section 15A(1)(a) of the U.P. Trade Tax Act, 1948 for delayed tax deposits, favoring the assessee. Emphasizing discretion in penalty imposition, the court ruled that penalties for minor delays should not be mechanically enforced. Referring to legal precedents, the court determined that delays caused by bank processing of cheques should not result in penalties. All seven revisions were allowed, overturning penalty orders and the Tribunal's decision, with costs awarded to the petitioner. en-us Thu, 21 Aug 2014 00:00:00 +0530 Sun, 04 Oct 2015 12:41:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264941 The court set aside penalty orders imposed under section 15A(1)(a) of the U.P. Trade Tax Act, 1948 for delayed tax deposits, favoring the assessee. Emphasizing discretion in penalty imposition, the court ruled that penalties for minor delays should not be mechanically enforced. Referring to legal precedents, the court determined that delays caused by bank processing of cheques should not result in penalties. All seven revisions were allowed, overturning penalty orders and the Tribunal's decision, with costs awarded to the petitioner. Case-Laws VAT and Sales Tax Thu, 21 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264941