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2017 (8) TMI 1176

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..... turnover in their Income Statement which has been accepted by the department under the VCES scheme. When that is accepted by the department now the plea of inflated turnover cannot be taken up. Two wrongs cannot make a right. Hence, we uphold the demand along with interest. Penalty - Held that: - appellant, presumably, as per wrong advice, has inflated the turnover for getting tender or other b .....

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..... Order-in-Original No. HYD-EXCUS-003-COM-029-15-16 dated 29.03.2016. Period in dispute is April 2008 to December 2012. 4. The brief facts of the case are that the appellant is a society formed with unemployed youth. The appellant was providing the manpower on outsourcing basis to various Government offices. When Voluntary Compliance Encouragement Scheme (VCES) was introduced, the appellant filed .....

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..... t, 1944 and a penalty of ₹ 17,20,560/- under Section 78 of the Act. Being aggrieved the appellant has filed this appeal. 5. Heard Sh. Y. Sreenivasa Reddy and Sh. Guna Ranjan representing the Appellant and Revenue respectively. 6. From the record, it appears that the appellant declared a turnover in their Income Statement which has been accepted by the department under the VCES scheme. .....

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