2001 (1) TMI 929 - HC - VAT and Sales Tax

Summary

The Karnataka High Court dismissed an appeal by manufacturers of Fenny regarding a suppression detected during assessment year 1986-1987. The Court upheld the assessing authority's decision to value the suppression at double the detected amount, emphasizing the need for deterrent action in cases of tax evasion. The Court found no grounds for interference, stating that the penalty imposed was not vindictive or abnormally harsh. The appeal was dismissed with no order as to costs.