https://www.taxtmi.com/caselaws?id=386335 Penalty under Section 15-A(1)(a) of the U.P. Trade Tax Act can be imposed only where the dealer failed to deposit tax within time without reasonable cause. Here, the assessee attributed the delay to financial difficulty, substantial payments to cane growers, and expenditure on new machinery, and the record showed no intention to evade tax. The Tribunal noted the plea of financial crisis but did not make a clear finding on whether the explanation was unreasonable. On these facts, the explanation was treated as reasonable cause for the belated deposit, so the penalty was not justified and was set aside. 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 Penalty under Section 15-A(1)(a) of the U.P. Trade Tax Act can be imposed only where the dealer failed to deposit tax within time without reasonable cause. Here, the assessee attributed the delay to financial difficulty, substantial payments to cane growers, and expenditure on new machinery, and the record showed no intention to evade tax. The Tribunal noted the plea of financial crisis but did not make a clear finding on whether the explanation was unreasonable. On these facts, the explanation was treated as reasonable cause for the belated deposit, so the penalty was not justified and was set aside. Case-Laws VAT and Sales Tax Thu, 29 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386335