https://www.taxtmi.com/caselaws?id=191771 The High Court upheld the Tribunal's decision to cancel the penalty imposed under section 8-D(6) of the U.P. Trade Tax Act, 1948 for the assessment year 2000-2001. The Court found that since the TDS was deposited along with interest and there was no revenue loss, the penalty was unwarranted. Emphasizing the absence of malafide intention and following precedent, the Court dismissed the department's appeal, affirming the Tribunal's decision to cancel the penalty. 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 The High Court upheld the Tribunal's decision to cancel the penalty imposed under section 8-D(6) of the U.P. Trade Tax Act, 1948 for the assessment year 2000-2001. The Court found that since the TDS was deposited along with interest and there was no revenue loss, the penalty was unwarranted. Emphasizing the absence of malafide intention and following precedent, the Court dismissed the department's appeal, affirming the Tribunal's decision to cancel the penalty. Case-Laws VAT and Sales Tax Mon, 03 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191771