1995 (1) TMI 366 - HC - VAT and Sales Tax

Summary

The High Court of Madras dismissed the department's petition for levying a penalty on an assessee for incorrect and incomplete returns filed under the Tamil Nadu General Sales Tax Act, 1959. The Court held that since the assessee rectified the defects by filing a revised statement before assessment and paid the tax due, no penalty was applicable under section 12(5) of the Act. The Tribunal's decision to cancel the penalty was upheld by the Court. The revision was dismissed with no costs.