https://www.taxtmi.com/caselaws?id=268072 Penalty under section 61 of the Rajasthan Value Added Tax Act, 2003 was examined in the context of a bona fide classification dispute with full disclosure of sales in the books. The provision was read as targeting concealment, deliberate inaccuracy, or fraudulent evasion, and the general words "avoided or evaded tax in any other manner" were confined by ejusdem generis to conduct of the same kind. Because the transactions were disclosed and there was no finding of concealment, recklessness, mala fides, or fraudulent classification, the dispute was treated as one of rate and interpretation only, making the penalty provision inapplicable on those facts. en-us Tue, 26 Aug 2014 00:00:00 +0530 Fri, 20 Nov 2015 05:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268072 Penalty under section 61 of the Rajasthan Value Added Tax Act, 2003 was examined in the context of a bona fide classification dispute with full disclosure of sales in the books. The provision was read as targeting concealment, deliberate inaccuracy, or fraudulent evasion, and the general words "avoided or evaded tax in any other manner" were confined by ejusdem generis to conduct of the same kind. Because the transactions were disclosed and there was no finding of concealment, recklessness, mala fides, or fraudulent classification, the dispute was treated as one of rate and interpretation only, making the penalty provision inapplicable on those facts. Case-Laws VAT and Sales Tax Tue, 26 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268072