https://www.taxtmi.com/caselaws?id=418537 The High Court modified the penalty imposed under Section 10(A) of the CST Act, 1956 on a petitioner engaged in manufacturing hosiery garments for availing tax concessions without proper authorization. The Court disagreed with the Tribunal's decision to uphold a 100% penalty, reducing it further to 50% due to the petitioner's efforts to amend their registration certificate and admission of liability for purchases not covered under the certificate. The High Court disposed of the writ petitions with this modification, without costs. en-us Tue, 08 Feb 2022 00:00:00 +0530 Fri, 18 Feb 2022 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418537 The High Court modified the penalty imposed under Section 10(A) of the CST Act, 1956 on a petitioner engaged in manufacturing hosiery garments for availing tax concessions without proper authorization. The Court disagreed with the Tribunal's decision to uphold a 100% penalty, reducing it further to 50% due to the petitioner's efforts to amend their registration certificate and admission of liability for purchases not covered under the certificate. The High Court disposed of the writ petitions with this modification, without costs. Case-Laws VAT and Sales Tax Tue, 08 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418537