Son Continues Father's Business Without Notification, Court Reverses Input Credit Claim but Avoids Severe Penalties.

Son Continues Father's Business Without Notification, Court Reverses Input Credit Claim but Avoids Severe Penalties. https://www.taxtmi.com/highlights?id=31807 Change of constitution of the firm - business of father carried on by son, when father died, without intimation to Department - input credit taken by son reversed - The mistake committed by the petitioner can be treated only as an illegality, for which, a capital punishment cannot be imposed on the dealer - HC en-us Mon, 24 Oct 2016 09:30:35 +0530 Mon, 24 Oct 2016 09:30:35 +0530 TaxTMI RSS Generator Son Continues Father's Business Without Notification, Court Reverses Input Credit Claim but Avoids Severe Penalties. https://www.taxtmi.com/highlights?id=31807 Change of constitution of the firm - business of father carried on by son, when father died, without intimation to Department - input credit taken by son reversed - The mistake committed by the petitioner can be treated only as an illegality, for which, a capital punishment cannot be imposed on the dealer - HC Highlights VAT and Sales Tax Mon, 24 Oct 2016 09:30:35 +0530 https://www.taxtmi.com/highlights?id=31807