https://www.taxtmi.com/caselaws?id=353004 The High Court partially allowed the writ petition without costs, modifying the Assessment Order and appellate decisions concerning the disputed sponsorship amount of Rs. 10,00,000. The court found the Assessment Officer's conclusion lacked evidence and was based on assumptions, directing a recalculation of tax, penalty, and interest excluding the contested sponsorship sum. The petitioner had deposited Rs. 3,00,000, to be adjusted, with the remaining amount due to be communicated within three weeks. Interest would accrue at 18% until the order date, increasing to 2% per month for defaults. en-us Fri, 15 Dec 2017 00:00:00 +0530 Tue, 26 Dec 2017 08:41:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353004 The High Court partially allowed the writ petition without costs, modifying the Assessment Order and appellate decisions concerning the disputed sponsorship amount of Rs. 10,00,000. The court found the Assessment Officer's conclusion lacked evidence and was based on assumptions, directing a recalculation of tax, penalty, and interest excluding the contested sponsorship sum. The petitioner had deposited Rs. 3,00,000, to be adjusted, with the remaining amount due to be communicated within three weeks. Interest would accrue at 18% until the order date, increasing to 2% per month for defaults. Case-Laws VAT and Sales Tax Fri, 15 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353004