1969 (7) TMI 98 - HC - VAT and Sales Tax

Summary

The High Court of Madras dismissed the revenue's petition to revise a Sales Tax Appellate Tribunal order that modified a penalty imposed for misuse of 'C' Forms under section 10(b) of the Central Sales Tax Act, 1956. The Tribunal reduced the penalty to one and a half times the tax, based on the correct interpretation of the law. The court held that the penalty should not exceed one and a half times the tax that would have been levied if the offence had not been committed. The decision was based on the specific wording of section 10-A. The court dismissed the petition.