https://www.taxtmi.com/caselaws?id=150429 Penalty under section 10(7) of the Punjab General Sales Tax Act, 1948 cannot be sustained for a false or inaccurate return unless the department shows deliberate concealment or mens rea. An incorrect return, by itself, is insufficient where the dealer's explanation was mistaken or ultimately unsuccessful. Because penalty proceedings of this kind are quasi-criminal, rejection of the assessee's stand does not automatically justify penal action. Where the dispute involves a bona fide belief or debatable issues, the absence of clear material proving intentional furnishing of inaccurate particulars prevents penalty. en-us Wed, 26 Apr 1972 00:00:00 +0530 Thu, 16 May 2013 17:13:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150429 Penalty under section 10(7) of the Punjab General Sales Tax Act, 1948 cannot be sustained for a false or inaccurate return unless the department shows deliberate concealment or mens rea. An incorrect return, by itself, is insufficient where the dealer's explanation was mistaken or ultimately unsuccessful. Because penalty proceedings of this kind are quasi-criminal, rejection of the assessee's stand does not automatically justify penal action. Where the dispute involves a bona fide belief or debatable issues, the absence of clear material proving intentional furnishing of inaccurate particulars prevents penalty. Case-Laws VAT and Sales Tax Wed, 26 Apr 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150429