1980 (11) TMI 140 - HC - VAT and Sales Tax

Summary

The High Court of Madhya Pradesh held that the imposition of penalty under section 43 of the State Act was not justified as there was no intentional concealment of turnover by the assessee. The Board's finding was based on the material on record, and the revised return showing additional turnover was voluntarily filed before final assessment. The Court ruled in favor of the assessee, and the reference was answered accordingly.