https://www.taxtmi.com/caselaws?id=446233 The HC ruled in favor of the revenue, affirming the penalty imposed on the petitioner, a supplier of coir looms under a Central Government Scheme. The Court found that the amounts received from the bank constituted the actual consideration for the supply of complete looms, rejecting the petitioner's claim of billing for parts only. The HC held that the petitioner's actions violated the Scheme's terms, justifying the penalty for underbilling and tax evasion. The Court concluded that the Commissioner's order did not warrant interference, dismissing the petitioner's arguments against the tax liability and penalty imposition. en-us Fri, 10 Nov 2023 00:00:00 +0530 Wed, 29 Nov 2023 07:31:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446233 The HC ruled in favor of the revenue, affirming the penalty imposed on the petitioner, a supplier of coir looms under a Central Government Scheme. The Court found that the amounts received from the bank constituted the actual consideration for the supply of complete looms, rejecting the petitioner's claim of billing for parts only. The HC held that the petitioner's actions violated the Scheme's terms, justifying the penalty for underbilling and tax evasion. The Court concluded that the Commissioner's order did not warrant interference, dismissing the petitioner's arguments against the tax liability and penalty imposition. Case-Laws VAT and Sales Tax Fri, 10 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446233