Penalty not Leviable on Failure of Discharge oF Tax Liability under Bonafide Belief of Non Necessity of Payment: CESTAT [Read Order]
Even if payment is made through CENVAT for GTA services, which is impermissible, it cannot be stated that the assessee had misstated or suppressed any information or evaded tax in as much as the details of the payment were available in the return
The New Delhi Bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has ruled that there is no penalty imposed if an assessee fails to pay his taxes because he honestly believes that the tax was not due. The assessee, Indure Private Limited, is involved in the production, acquisition, and installation of ash…
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