https://www.taxtmi.com/caselaws?id=151607 Penalty under sections 17(3) and 43(1) of the Madhya Pradesh General Sales Tax Act could be sustained even after the assessment was set aside and remanded, because the penalty remained linked to the assessed tax and the appellate power allowed the penalty to be left intact where the reassessment would not alter the concealed turnover or tax avoided. The Tribunal's finding of substantial suppression supported deliberate concealment and the presence of mens rea. A revised return filed after inspection did not cure a knowingly false original return or displace penalty where no bona fide mistake was shown. en-us Thu, 19 Jan 1978 00:00:00 +0530 Fri, 07 Jun 2013 18:04:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151607 Penalty under sections 17(3) and 43(1) of the Madhya Pradesh General Sales Tax Act could be sustained even after the assessment was set aside and remanded, because the penalty remained linked to the assessed tax and the appellate power allowed the penalty to be left intact where the reassessment would not alter the concealed turnover or tax avoided. The Tribunal's finding of substantial suppression supported deliberate concealment and the presence of mens rea. A revised return filed after inspection did not cure a knowingly false original return or displace penalty where no bona fide mistake was shown. Case-Laws VAT and Sales Tax Thu, 19 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151607