1995 (3) TMI 457 - HC - VAT and Sales Tax

Summary

The High Court of Kerala dismissed a tax revision case as it was filed out of time and barred by limitation. The respondent-company filed the return of income and paid the tax before the deadline, explaining the delay in remitting advance tax. The Tribunal found the explanation satisfactory and concluded that the penalty under section 37(5) of the Act was not sustainable. The Court summarily dismissed the tax revision case. (Case Citation: 1995 (3) TMI 457 - KERALA HIGH COURT)