https://www.taxtmi.com/caselaws?id=156872 Penalty for failure to furnish returns is treated as distinct from assessment, so it may be imposed even after a provisional penalty has already been levied in earlier proceedings. The statutory scheme does not bar a later penalty merely because assessment has moved to the final stage. However, the levy is sustainable only if the assessing authority records satisfaction that the dealer failed to furnish the returns without reasonable cause and gives an opportunity of hearing. In the absence of such a recorded finding and hearing, the penalty cannot stand and must be set aside. en-us Tue, 16 Oct 1990 00:00:00 +0530 Wed, 25 Sep 2013 16:57:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156872 Penalty for failure to furnish returns is treated as distinct from assessment, so it may be imposed even after a provisional penalty has already been levied in earlier proceedings. The statutory scheme does not bar a later penalty merely because assessment has moved to the final stage. However, the levy is sustainable only if the assessing authority records satisfaction that the dealer failed to furnish the returns without reasonable cause and gives an opportunity of hearing. In the absence of such a recorded finding and hearing, the penalty cannot stand and must be set aside. Case-Laws VAT and Sales Tax Tue, 16 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156872