https://www.taxtmi.com/caselaws?id=277424 Penalty for delayed tax deposit under the U.P. VAT Act was held unsustainable where the assessee had arranged the tax amount in time, the actual deposit was delayed during transit, and the tax was paid with interest for the delayed period. Because the delay was bona fide, not deliberate or contumacious, and no loss to the revenue was shown, penalty could not be justified merely on the basis of a short delay. The penalty order was quashed and any penalty already deposited was directed to be refunded. en-us Fri, 01 Apr 2016 00:00:00 +0530 Tue, 04 Dec 2018 08:55:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277424 Penalty for delayed tax deposit under the U.P. VAT Act was held unsustainable where the assessee had arranged the tax amount in time, the actual deposit was delayed during transit, and the tax was paid with interest for the delayed period. Because the delay was bona fide, not deliberate or contumacious, and no loss to the revenue was shown, penalty could not be justified merely on the basis of a short delay. The penalty order was quashed and any penalty already deposited was directed to be refunded. Case-Laws VAT and Sales Tax Fri, 01 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277424