https://www.taxtmi.com/forum/issue?id=115490 Whether a penalty is revenue due to the State depends on the penalty provision's statutory scope and territorial application; where a court held the provision inapplicable to interstate transactions, penalty could not be treated as revenue due, and tribunal authority indicates non imposition of penalty does not automatically constitute revenue loss, while other authority holds lawful imposability of penalty alone is insufficient to deem an assessment order erroneous and prejudicial to revenue. en-us Fri, 04 Oct 2019 19:39:57 +0530 Thu, 23 Jan 2025 15:54:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115490 Whether a penalty is revenue due to the State depends on the penalty provision's statutory scope and territorial application; where a court held the provision inapplicable to interstate transactions, penalty could not be treated as revenue due, and tribunal authority indicates non imposition of penalty does not automatically constitute revenue loss, while other authority holds lawful imposability of penalty alone is insufficient to deem an assessment order erroneous and prejudicial to revenue. Discussion-Forum VAT / Sales Tax Fri, 04 Oct 2019 19:39:57 +0530 https://www.taxtmi.com/forum/issue?id=115490