https://www.taxtmi.com/caselaws?id=341908 Delayed deposit of tax deducted at source under the U.P. VAT Act triggers a separate statutory penalty regime distinct from the interest liability. Section 34 treats time-bound deposit, compensatory interest for delay, and penalty for non-deposit within time as independent consequences. Payment of the deducted tax with interest may be relevant to the quantum of penalty, but it does not by itself cure the breach or bar penalty under section 34(8). The Tribunal's deletion of penalty was therefore unsustainable, and the levy was upheld in principle with the matter remitted only for fresh consideration on quantum. en-us Thu, 13 Apr 2017 00:00:00 +0530 Tue, 18 Apr 2017 18:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341908 Delayed deposit of tax deducted at source under the U.P. VAT Act triggers a separate statutory penalty regime distinct from the interest liability. Section 34 treats time-bound deposit, compensatory interest for delay, and penalty for non-deposit within time as independent consequences. Payment of the deducted tax with interest may be relevant to the quantum of penalty, but it does not by itself cure the breach or bar penalty under section 34(8). The Tribunal's deletion of penalty was therefore unsustainable, and the levy was upheld in principle with the matter remitted only for fresh consideration on quantum. Case-Laws VAT and Sales Tax Thu, 13 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341908