https://www.taxtmi.com/caselaws?id=398528 The Court set aside the penalty proposed under the Entry Tax Act, 1990, for importing vehicles without paying Entry Tax. The petitioner, a construction company, had a bona fide belief in the tax exemption and promptly paid the tax upon realizing the error. Citing legal precedent, the Court ruled in favor of the petitioner, emphasizing that penalties should be imposed only for deliberate defiance of the law. The judgment aligned with principles of penalty imposition for statutory non-compliance, ultimately favoring the petitioner's good faith actions. en-us Wed, 02 Sep 2020 00:00:00 +0530 Mon, 14 Nov 2022 14:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398528 The Court set aside the penalty proposed under the Entry Tax Act, 1990, for importing vehicles without paying Entry Tax. The petitioner, a construction company, had a bona fide belief in the tax exemption and promptly paid the tax upon realizing the error. Citing legal precedent, the Court ruled in favor of the petitioner, emphasizing that penalties should be imposed only for deliberate defiance of the law. The judgment aligned with principles of penalty imposition for statutory non-compliance, ultimately favoring the petitioner's good faith actions. Case-Laws VAT and Sales Tax Wed, 02 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398528