Son Continues Father's Business Without Notification, Court Reverses Input Credit Claim but Avoids Severe Penalties.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Change of constitution of the firm - business of father carried on by son, when father died, without intimation to Department - input credit taken by son reversed - The mistake committed by the petitioner can be treated only as an illegality, for which, a capital punishment cannot be imposed on the dealer - HC....