No penalty for mere reason that claims made under bonafide belief are found unsustainable in law

Apurva N. Mehta,  Advocate

No penalty for concealment or furnishing inaccurate particulars merely for the reason that claims made under bonafide belief are found unsustainable in law – Gujarat VAT Tribunal

The Gujarat Value Added Tax Tribunal in the case of Star Industries v/s The State of Gujarat (Second Appeal No. 347 of 2013 decided on 02.09.2014) has, in the context of penalty u/s 45(2)(c) of the Gujarat Sales Tax

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