Court Upholds Intelligence Officer's Authority to Impose Penalty Under KVAT Section 67, Dismissing Petition Based on Actual Calculations.

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....Jurisdiction of Intelligence Officer to levy penalty - penalty proceedings initiated under Section 67 of the KVAT, 2003 - On the basis of the extracted findings of the Intelligence officer it can irresistibly be concluded, it was not a case of estimation, but based on an actual calculation by reading the contents of the agreement and the invoices. - Petition dismissed - HC....