https://www.taxtmi.com/caselaws?id=405743 A discretionary reduction of a statutory penalty for deliberate suppression of turnover is unsustainable unless the authority records valid, specific reasons. The Tribunal upheld the assessments and found deliberate suppression, yet reduced the penalty without stating any basis for interference. Under the statutory scheme, the penalty was prescribed at one and a half times the disputed tax, so any departure from that measure required reasoned justification. In the absence of recorded reasons, the reduction was treated as arbitrary and liable to be interfered with, and the full penalty was restored. en-us Tue, 23 Feb 2021 00:00:00 +0530 Fri, 26 Mar 2021 08:50:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405743 A discretionary reduction of a statutory penalty for deliberate suppression of turnover is unsustainable unless the authority records valid, specific reasons. The Tribunal upheld the assessments and found deliberate suppression, yet reduced the penalty without stating any basis for interference. Under the statutory scheme, the penalty was prescribed at one and a half times the disputed tax, so any departure from that measure required reasoned justification. In the absence of recorded reasons, the reduction was treated as arbitrary and liable to be interfered with, and the full penalty was restored. Case-Laws VAT and Sales Tax Tue, 23 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405743