1962 (3) TMI 65 - HC - VAT and Sales Tax

Summary

The judgment of the Andhra Pradesh High Court in a tax revision case clarified the interpretation of section 14(2) of the Andhra Pradesh General Sales Tax Act. The court held that the penalty under section 14(2) can be based on the estimated turnover and not just the turnover actually concealed. The court relied on a similar provision in the Indian Income-tax Act for guidance. The court dismissed the tax revision case and upheld the Tribunal's order.