https://www.taxtmi.com/caselaws?id=312007 Penalty under Section 10B of the Central Sales Tax Act could not be sustained where the assessing authority failed to consider mens rea and the revisionist's bona fide belief about the nature of the goods and use of Form C. The Allahabad HC held that omission to examine the mental element, in light of the Supreme Court precedent relied upon, rendered the penalty order legally unsustainable. The penalty was set aside and the matter was remitted to the First Assessing Authority for fresh consideration in accordance with law. en-us Thu, 20 Oct 2011 00:00:00 +0530 Sat, 27 Jan 2024 11:58:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312007 Penalty under Section 10B of the Central Sales Tax Act could not be sustained where the assessing authority failed to consider mens rea and the revisionist's bona fide belief about the nature of the goods and use of Form C. The Allahabad HC held that omission to examine the mental element, in light of the Supreme Court precedent relied upon, rendered the penalty order legally unsustainable. The penalty was set aside and the matter was remitted to the First Assessing Authority for fresh consideration in accordance with law. Case-Laws VAT and Sales Tax Thu, 20 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312007