https://www.taxtmi.com/caselaws?id=102426 The Supreme Court held that the penalty under section 10A of the Central Sales Tax Act, 1956, should be calculated at one-and-a-half times the normal tax rate under sub-section (2) of section 8, not the concessional rate. This judgment aligns with the views of multiple High Courts, rejecting the contrary interpretation by the Madras High Court. The appeals were allowed, setting aside the judgment and order of the Madras High Court. en-us Thu, 01 May 1986 00:00:00 +0530 Thu, 07 Aug 2014 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=102426 The Supreme Court held that the penalty under section 10A of the Central Sales Tax Act, 1956, should be calculated at one-and-a-half times the normal tax rate under sub-section (2) of section 8, not the concessional rate. This judgment aligns with the views of multiple High Courts, rejecting the contrary interpretation by the Madras High Court. The appeals were allowed, setting aside the judgment and order of the Madras High Court. Case-Laws VAT and Sales Tax Thu, 01 May 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=102426