1995 (1) TMI 368 - HC - VAT and Sales Tax

Summary

The High Court of Madras dismissed the department's petition for a penalty imposed on Tvl. Lucky Rasi Radio House under section 12(5)(iii) of the Tamil Nadu General Sales Tax Act, 1959. The penalty was deleted by the Appellate Tribunal as the assessee had filed a revised return rectifying the mistake before the assessment was completed. The Court upheld the Tribunal's decision, stating that penalty was not warranted in this case.