https://www.taxtmi.com/caselaws?id=188676 Penalty under a taxing statute expressed to apply only where default occurs "without reasonable cause" depends on whether the assessee had a bona fide and factually supported explanation for delayed payment. On the facts recorded, the assessee issued cheques expecting payment from the Electricity Board, the cheques were dishonoured before realization, and tax with interest was paid soon after funds were received. The Tribunal accepted this explanation on the evidence, and that factual finding negatived penalty liability under Section 15-A(1)(a). en-us Wed, 20 Nov 1985 00:00:00 +0530 Mon, 12 Dec 2016 12:51:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188676 Penalty under a taxing statute expressed to apply only where default occurs "without reasonable cause" depends on whether the assessee had a bona fide and factually supported explanation for delayed payment. On the facts recorded, the assessee issued cheques expecting payment from the Electricity Board, the cheques were dishonoured before realization, and tax with interest was paid soon after funds were received. The Tribunal accepted this explanation on the evidence, and that factual finding negatived penalty liability under Section 15-A(1)(a). Case-Laws VAT and Sales Tax Wed, 20 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188676