https://www.taxtmi.com/highlights?id=57316 Levy of penalty - Whether imposition of penalty under Section 43(2) of the Orissa Value Added Tax Act, 2004 (OVAT Act) can only be levied if the escapement is “without any reasonable cause”? - the imposition of penalty under Section 43 (2) of the OVAT Act, was not automatic and that there is a discretion in the AO in this regard upon finding that there has been an escapement or under assessment of tax. - HC en-us Thu, 25 Mar 2021 12:15:13 +0530 Thu, 25 Mar 2021 12:15:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=57316 Levy of penalty - Whether imposition of penalty under Section 43(2) of the Orissa Value Added Tax Act, 2004 (OVAT Act) can only be levied if the escapement is “without any reasonable cause”? - the imposition of penalty under Section 43 (2) of the OVAT Act, was not automatic and that there is a discretion in the AO in this regard upon finding that there has been an escapement or under assessment of tax. - HC Highlights VAT and Sales Tax Thu, 25 Mar 2021 12:15:13 +0530 https://www.taxtmi.com/highlights?id=57316