https://www.taxtmi.com/caselaws?id=268873 Penalty under the Karnataka Value Added Tax Act was treated as dependent on culpable conduct, not automatic application. Where the assessee filed a revised return shortly after collection and paid the tax with interest within 11 days, the absence of deliberate evasion or mala fide intention meant the penalty was unsustainable. The article also notes that tax and interest collected from the purchaser and remitted to the Government could not be forfeited under section 47(2)(b), because the amount was lawfully payable to the State and the Tribunal lacked jurisdiction to order forfeiture on those facts. en-us Thu, 09 Oct 2014 00:00:00 +0530 Wed, 02 Dec 2015 23:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268873 Penalty under the Karnataka Value Added Tax Act was treated as dependent on culpable conduct, not automatic application. Where the assessee filed a revised return shortly after collection and paid the tax with interest within 11 days, the absence of deliberate evasion or mala fide intention meant the penalty was unsustainable. The article also notes that tax and interest collected from the purchaser and remitted to the Government could not be forfeited under section 47(2)(b), because the amount was lawfully payable to the State and the Tribunal lacked jurisdiction to order forfeiture on those facts. Case-Laws VAT and Sales Tax Thu, 09 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268873