https://www.taxtmi.com/caselaws?id=153113 Retrospective validation provisions under the Central Sales Tax (Amendment) Act, 1976 revived penalty orders earlier cancelled in rectification, overriding contrary orders and preserving the State penalty regime for Central sales tax assessments. Section 43 of the Madhya Pradesh General Sales Tax Act, 1958 was therefore attracted as a penalty provision linked to tax assessment. The penalty for the first period was upheld because the record showed a substantial turnover discrepancy and unaccepted explanations, supporting concealment and false returns. The penalty for the second period was set aside because the assessment had been remanded and the tax liability remained liable to reduction, so the penalty could not be maintained independently. en-us Thu, 03 Apr 1980 00:00:00 +0530 Wed, 17 Jul 2013 16:17:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153113 Retrospective validation provisions under the Central Sales Tax (Amendment) Act, 1976 revived penalty orders earlier cancelled in rectification, overriding contrary orders and preserving the State penalty regime for Central sales tax assessments. Section 43 of the Madhya Pradesh General Sales Tax Act, 1958 was therefore attracted as a penalty provision linked to tax assessment. The penalty for the first period was upheld because the record showed a substantial turnover discrepancy and unaccepted explanations, supporting concealment and false returns. The penalty for the second period was set aside because the assessment had been remanded and the tax liability remained liable to reduction, so the penalty could not be maintained independently. Case-Laws VAT and Sales Tax Thu, 03 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153113