1995 (1) TMI 367 - HC - VAT and Sales Tax

Summary

The High Court of Madras allowed the petition filed by the department regarding the penalty levied on the assessee for not disclosing a turnover of Rs. 38,500. The Court set aside the Tribunal's decision and restored the penalty under section 12(5) of the Tamil Nadu General Sales Tax Act, as the assessee did not file a revised return or pay the tax due before completing the assessment.