https://www.taxtmi.com/caselaws?id=191771 Penalty under section 8-D(6) of the U.P. Trade Tax Act was held unsustainable where tax deducted at source was deposited later with interest, the revenue suffered no loss, and no mala fide intention was shown. The Court applied the principle that a technical default causing no prejudice to the revenue does not justify penalty, and upheld the Tribunal's cancellation of the levy in favour of the assessee. en-us Mon, 03 Dec 2012 00:00:00 +0530 Fri, 28 Dec 2018 16:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191771 Penalty under section 8-D(6) of the U.P. Trade Tax Act was held unsustainable where tax deducted at source was deposited later with interest, the revenue suffered no loss, and no mala fide intention was shown. The Court applied the principle that a technical default causing no prejudice to the revenue does not justify penalty, and upheld the Tribunal's cancellation of the levy in favour of the assessee. Case-Laws VAT and Sales Tax Mon, 03 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191771