RVAT: Penalty justified for concealing transactions of sale & purchase to avoid payment of Tax

Assistant Commissioner Vs C.P. Agro Industries (Rajasthan High Court)

The Tax Board has neither recorded any cogent finding on merits of the case before setting aside the penalty nor it has considered the provisions of section 61 of the RVAT Act, 2003, more particularly, when the fact was proved before all the Authorities that Forms-C submitted by the Assessee were forged and fake to avoid payment of Tax. The penalty was rightly imposed upon the Assessee by the Authorities as he (Assessee) furnished inaccurate particulars an

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