1977 (2) TMI 106 - HC - VAT and Sales Tax

Summary

The High Court of Madras dismissed a tax revision case where the Tribunal refused to restore a penalty imposed by the assessing officer but set aside by the Appellate Assistant Commissioner. The Court held that the Tribunal had no jurisdiction to restore the penalty as it was not within the scope of its powers under section 36(3) of the Act. The Court found that the Tribunal was correct in not restoring the penalty, and the tax revision case was dismissed.