https://www.taxtmi.com/caselaws?id=386335 The High Court allowed the revision, overturning the Commercial Tax Tribunal's penalty imposition on a Public Limited Company for delayed entry tax deposit related to white crystal sugar sales. The Court found the company's financial crisis, liability to Cane Growers, and machinery procurement as reasonable causes for the delay, setting aside the penalty of Rs. 5 lakh under Section 15-A and directing the Revenue to refund the Rs. 1 lakh penalty amount deposited by the company. en-us Thu, 29 Aug 2019 00:00:00 +0530 Thu, 26 Sep 2019 07:23:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386335 The High Court allowed the revision, overturning the Commercial Tax Tribunal's penalty imposition on a Public Limited Company for delayed entry tax deposit related to white crystal sugar sales. The Court found the company's financial crisis, liability to Cane Growers, and machinery procurement as reasonable causes for the delay, setting aside the penalty of Rs. 5 lakh under Section 15-A and directing the Revenue to refund the Rs. 1 lakh penalty amount deposited by the company. Case-Laws VAT and Sales Tax Thu, 29 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386335