https://www.taxtmi.com/caselaws?id=158937 The Court found the enhancement petition for restoration of penalty maintainable but ultimately ruled that the penalty under section 16(2) was not applicable to the assessee. The Tribunal's decision was influenced by a 1986 amendment allowing for restoration of penalties, but the Court determined the penalty was not exigible based on turnover assessed from the books of accounts. The revision filed by the department was dismissed, emphasizing the interpretation of legal provisions and the application of case law in tax penalty eligibility. en-us Tue, 25 Apr 1995 00:00:00 +0530 Mon, 11 Nov 2013 14:52:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158937 The Court found the enhancement petition for restoration of penalty maintainable but ultimately ruled that the penalty under section 16(2) was not applicable to the assessee. The Tribunal's decision was influenced by a 1986 amendment allowing for restoration of penalties, but the Court determined the penalty was not exigible based on turnover assessed from the books of accounts. The revision filed by the department was dismissed, emphasizing the interpretation of legal provisions and the application of case law in tax penalty eligibility. Case-Laws VAT and Sales Tax Tue, 25 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158937