https://www.taxtmi.com/caselaws?id=375849 The Court upheld the penalty imposed on the assessee for failing to remit collected tax amounts, emphasizing compliance with tax laws. The penalty was affirmed under Section 45A, equal to the evaded tax amount, dismissing the appeal. The Court rejected arguments that collected deposits were for anticipated tax liabilities, affirming that they should have been paid to the State. The judgment underscores the obligation to remit taxes and deter tax evasion practices. en-us Mon, 18 Feb 2019 00:00:00 +0530 Wed, 27 Feb 2019 06:55:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375849 The Court upheld the penalty imposed on the assessee for failing to remit collected tax amounts, emphasizing compliance with tax laws. The penalty was affirmed under Section 45A, equal to the evaded tax amount, dismissing the appeal. The Court rejected arguments that collected deposits were for anticipated tax liabilities, affirming that they should have been paid to the State. The judgment underscores the obligation to remit taxes and deter tax evasion practices. Case-Laws VAT and Sales Tax Mon, 18 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375849