https://www.taxtmi.com/caselaws?id=153296 Section 45(2)(cc) of the Tamil Nadu General Sales Tax Act could not be used retrospectively to levy penalty for the 1971-72 assessment year because the provision came into force only from 1 December 1972, so that penalty was invalid. For the later assessment years, penalty was not automatic and had to be reconsidered in light of the Tribunal's findings that the accounts tallied, there was no wilful suppression of turnover, and any escapement was only marginal. The matter required a fresh exercise of discretion on whether penalty was warranted at all and, if so, its proper quantum. en-us Fri, 13 Nov 1981 00:00:00 +0530 Sat, 20 Jul 2013 18:27:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153296 Section 45(2)(cc) of the Tamil Nadu General Sales Tax Act could not be used retrospectively to levy penalty for the 1971-72 assessment year because the provision came into force only from 1 December 1972, so that penalty was invalid. For the later assessment years, penalty was not automatic and had to be reconsidered in light of the Tribunal's findings that the accounts tallied, there was no wilful suppression of turnover, and any escapement was only marginal. The matter required a fresh exercise of discretion on whether penalty was warranted at all and, if so, its proper quantum. Case-Laws VAT and Sales Tax Fri, 13 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153296