https://www.taxtmi.com/caselaws?id=239177 Where an assessee had validly opted for annual returns under the applicable rule, delay had to be assessed only by reference to the annual return, and not on a monthly-return basis. A revision that proceeded on the incorrect assumption that the assessee was bound to file monthly returns could not support a fresh or enhanced penalty under Section 12(3)(c). The revised penalty was therefore invalid and set aside, while the original penalty already levied for delay in filing the annual return remained undisturbed. en-us Tue, 10 Apr 2012 00:00:00 +0530 Thu, 07 Nov 2013 12:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239177 Where an assessee had validly opted for annual returns under the applicable rule, delay had to be assessed only by reference to the annual return, and not on a monthly-return basis. A revision that proceeded on the incorrect assumption that the assessee was bound to file monthly returns could not support a fresh or enhanced penalty under Section 12(3)(c). The revised penalty was therefore invalid and set aside, while the original penalty already levied for delay in filing the annual return remained undisturbed. Case-Laws VAT and Sales Tax Tue, 10 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239177