https://www.taxtmi.com/caselaws?id=157966 Penalty for filing an incorrect return under section 12(5)(iii) of the Tamil Nadu General Sales Tax Act, 1959 is attracted where the return contains incorrect or incomplete particulars, but bona fide error remains relevant. The assessee had not suppressed chemical sales turnover; it was entered in the wrong exempted turnover column. As the mistake was neither wilful nor intentional and the tax, surcharge, additional surcharge and additional tax had been paid before completion of assessment, the revenue suffered no prejudice. On these facts, penalty was not exigible and the levy was set aside. en-us Tue, 29 Nov 1994 00:00:00 +0530 Mon, 14 Oct 2013 15:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157966 Penalty for filing an incorrect return under section 12(5)(iii) of the Tamil Nadu General Sales Tax Act, 1959 is attracted where the return contains incorrect or incomplete particulars, but bona fide error remains relevant. The assessee had not suppressed chemical sales turnover; it was entered in the wrong exempted turnover column. As the mistake was neither wilful nor intentional and the tax, surcharge, additional surcharge and additional tax had been paid before completion of assessment, the revenue suffered no prejudice. On these facts, penalty was not exigible and the levy was set aside. Case-Laws VAT and Sales Tax Tue, 29 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157966