https://www.taxtmi.com/highlights?id=57260 Levy of penalty under Section 72(2) of KVAT Act - Wrong classification of goods - it is evident that the levy of penalty under Section 72(2) of the Act is neither automatic nor mandatory. - the condition precedent for invoking the powers under Section 64 of the Act, is not fulfilled. - HC en-us Mon, 22 Mar 2021 11:36:59 +0530 Mon, 22 Mar 2021 11:36:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57260 Levy of penalty under Section 72(2) of KVAT Act - Wrong classification of goods - it is evident that the levy of penalty under Section 72(2) of the Act is neither automatic nor mandatory. - the condition precedent for invoking the powers under Section 64 of the Act, is not fulfilled. - HC Highlights VAT and Sales Tax Mon, 22 Mar 2021 11:36:59 +0530 https://www.taxtmi.com/highlights?id=57260