https://www.taxtmi.com/caselaws?id=158204 Suppression of turnover found by the Tribunal was upheld because no illegality or other vice justified interference with the reassessment. On penalty, the Court held that the maximum levy for wilful suppression cannot be sustained without aggravating circumstances; since none were shown or considered, a penalty of five times the tax due was excessive. The penalty was therefore reduced to twice the tax due on the suppressed turnover, reflecting the requirement of a just and reasonable amount in the absence of aggravation. en-us Tue, 12 Jul 1994 00:00:00 +0530 Fri, 18 Oct 2013 11:55:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158204 Suppression of turnover found by the Tribunal was upheld because no illegality or other vice justified interference with the reassessment. On penalty, the Court held that the maximum levy for wilful suppression cannot be sustained without aggravating circumstances; since none were shown or considered, a penalty of five times the tax due was excessive. The penalty was therefore reduced to twice the tax due on the suppressed turnover, reflecting the requirement of a just and reasonable amount in the absence of aggravation. Case-Laws VAT and Sales Tax Tue, 12 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158204