https://www.taxtmi.com/caselaws?id=268873 Penalty under the Karnataka Value Added Tax Act is not automatic where tax is paid with interest shortly after a revised return and there is no deliberate evasion or mala fide conduct. Delayed payment in those circumstances does not justify penalty, and the penalty order is unsustainable. Tax and interest collected from a purchaser and remitted to the Government cannot be forfeited where the assessee has no right to retain the amount and the statute does not authorise forfeiture on the established facts. The penalty and forfeiture orders were quashed. 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 is not automatic where tax is paid with interest shortly after a revised return and there is no deliberate evasion or mala fide conduct. Delayed payment in those circumstances does not justify penalty, and the penalty order is unsustainable. Tax and interest collected from a purchaser and remitted to the Government cannot be forfeited where the assessee has no right to retain the amount and the statute does not authorise forfeiture on the established facts. The penalty and forfeiture orders were quashed. Case-Laws VAT and Sales Tax Thu, 09 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268873