https://www.taxtmi.com/caselaws?id=419761 The Court dismissed the Sales Tax Revision Petition, ruling in favor of the assessee and against the Revenue. The Tribunal's decision to set aside the interest and penalty imposed under the Karnataka Value Added Tax Act was upheld, as there was no evidence of understatement of tax liability or overstatement of input tax credit by the respondent in the case involving the sale of Nutralite. en-us Wed, 02 Mar 2022 00:00:00 +0530 Sat, 19 Mar 2022 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419761 The Court dismissed the Sales Tax Revision Petition, ruling in favor of the assessee and against the Revenue. The Tribunal's decision to set aside the interest and penalty imposed under the Karnataka Value Added Tax Act was upheld, as there was no evidence of understatement of tax liability or overstatement of input tax credit by the respondent in the case involving the sale of Nutralite. Case-Laws VAT and Sales Tax Wed, 02 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419761