https://www.taxtmi.com/caselaws?id=102064 A bona fide omission to include freight charges in taxable turnover, based on then-existing judicial views, did not amount to wilful suppression or false return, so penalty was not attracted and was quashed. By contrast, the self-assessment and return-payment scheme was construed to require timely payment of tax legally due on the freight component; interest was therefore leviable for the period between the original returns and the revised returns, despite the assessee's bona fide view of the law. The appeal succeeded only as to deletion of penalties, while the interest demand was sustained. en-us Fri, 02 Oct 1981 00:00:00 +0530 Sat, 05 Jul 2014 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102064 A bona fide omission to include freight charges in taxable turnover, based on then-existing judicial views, did not amount to wilful suppression or false return, so penalty was not attracted and was quashed. By contrast, the self-assessment and return-payment scheme was construed to require timely payment of tax legally due on the freight component; interest was therefore leviable for the period between the original returns and the revised returns, despite the assessee's bona fide view of the law. The appeal succeeded only as to deletion of penalties, while the interest demand was sustained. Case-Laws VAT and Sales Tax Fri, 02 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102064