https://www.taxtmi.com/caselaws?id=45264 The High Court upheld the Tribunal's decision to quash the penalty imposed on a dealer under the Central Sales Tax Act for using imported yarn to manufacture 'hosiery cloth.' The Court found that the dealer had a reasonable belief based on the registration certificate and past practices, and there was no deliberate defiance of the law. Emphasizing the importance of clarity in registration certificates and consistent interpretation of industry terms, the Court dismissed the revision petition and imposed costs on the petitioner. en-us Tue, 26 Nov 1996 00:00:00 +0530 Fri, 09 Jul 2010 15:11:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=45264 The High Court upheld the Tribunal's decision to quash the penalty imposed on a dealer under the Central Sales Tax Act for using imported yarn to manufacture 'hosiery cloth.' The Court found that the dealer had a reasonable belief based on the registration certificate and past practices, and there was no deliberate defiance of the law. Emphasizing the importance of clarity in registration certificates and consistent interpretation of industry terms, the Court dismissed the revision petition and imposed costs on the petitioner. Case-Laws VAT and Sales Tax Tue, 26 Nov 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=45264