https://www.taxtmi.com/caselaws?id=436096 Penalty under Rule 12(4)(c) of the Central Sales Tax (Odisha) Rules, 1957 depends on a prior recorded satisfaction that the escapement was without reasonable cause, and the penal power must be exercised only when the statutory preconditions for reassessment and penalty are met. The text notes that the disputed turnover came from the dealer's disclosed returns and from adjustment of excess tax paid under the Odisha VAT regime, without any suppression, fraud, or deliberate evasion. Because the assessment order did not record the mandatory satisfaction on absence of reasonable cause, the penalty was treated as unsustainable and liable to be deleted. en-us Wed, 29 Mar 2023 00:00:00 +0530 Mon, 11 Aug 2025 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436096 Penalty under Rule 12(4)(c) of the Central Sales Tax (Odisha) Rules, 1957 depends on a prior recorded satisfaction that the escapement was without reasonable cause, and the penal power must be exercised only when the statutory preconditions for reassessment and penalty are met. The text notes that the disputed turnover came from the dealer's disclosed returns and from adjustment of excess tax paid under the Odisha VAT regime, without any suppression, fraud, or deliberate evasion. Because the assessment order did not record the mandatory satisfaction on absence of reasonable cause, the penalty was treated as unsustainable and liable to be deleted. Case-Laws VAT / Sales Tax Wed, 29 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436096