23 June 2014
My client under KVAT had paid VAT of Rs.4500 when Intelligence Authorities visited shop.
also compounding penalty of Rs.3000 paid.
Now the case has been selected by the Audit wing of VAT authorities and proposing to levy penalty to the extent of upto 5 times of Rs.4500.
kindly advice whether this is justice and legally holds good.
I heard there is case in Karnataka High court : Burmaiah vs. Karnataka Govt.
Kindly let me know.
25 June 2014
KVAT section 79. Fraudulent evasion of tax.- Without prejudice to the provisions of Sections 71 to 77, if any person is knowingly concerned, in or in the taking of steps with a view to the fraudulent evasion of tax by him or any other person, he shall be liable to a fine of one lakh rupees or double the amount of the tax evaded, whichever is the greater or to imprisonment for a minimum term of six months but not exceeding five years, or to both.
22 November 2014
Dear Sir, i am searching for burmaiah vs karnataka govt case judgement decision, but couldnt find anywhare in internet. please give me the link of it if you know.
CAclubindia
