1995 (9) TMI 327 - HC - VAT and Sales Tax

Summary

The High Court of Madras dismissed the State's petition against Bhavani Oil Mills, Poonamallee, sustaining an assessment on a turnover of Rs. 807.80 and deleting a turnover of Rs. 6,000. The Tribunal also removed a penalty under section 12(5) of the Act, stating that penalty under section 12(3) was not applicable due to lack of mala fide on the part of the assessee. The Court upheld the Tribunal's decision, dismissing the revision with no costs.