https://www.taxtmi.com/caselaws?id=159598 Penalty under section 12(5)(iii) of the Tamil Nadu General Sales Tax Act was held not leviable where the assessee omitted cattle feed turnover on a bona fide belief that the sales were exempt. The Court treated the assessee's good faith as material and found that earlier assessments had granted exemption, with the later revision occurring only after the relevant return had already been filed. On those facts, the omission was not a deliberate attempt to evade tax, and the assessee's return was accepted as having been filed under a genuine belief of legality. The Revenue's revision therefore failed. en-us Mon, 06 Apr 1992 00:00:00 +0530 Wed, 27 Nov 2013 17:31:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159598 Penalty under section 12(5)(iii) of the Tamil Nadu General Sales Tax Act was held not leviable where the assessee omitted cattle feed turnover on a bona fide belief that the sales were exempt. The Court treated the assessee's good faith as material and found that earlier assessments had granted exemption, with the later revision occurring only after the relevant return had already been filed. On those facts, the omission was not a deliberate attempt to evade tax, and the assessee's return was accepted as having been filed under a genuine belief of legality. The Revenue's revision therefore failed. Case-Laws VAT and Sales Tax Mon, 06 Apr 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159598