https://www.taxtmi.com/caselaws?id=160775 Where a binding Supreme Court declaration made exemption-based returns untenable, the assessee was required to file revised returns disclosing the turnover as taxable. The failure to do so, despite later remitting tax in instalments, meant the original returns remained incorrect and untrue because the statutory duty was to reflect the settled legal position. Voluntary payment after the declaration did not cure the defect in the returns or negate the omission to revise them. On that reasoning, penalty under section 45A(d) of the Kerala General Sales Tax Act, 1963 was upheld. en-us Thu, 11 Apr 2002 00:00:00 +0530 Tue, 24 Dec 2013 15:50:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160775 Where a binding Supreme Court declaration made exemption-based returns untenable, the assessee was required to file revised returns disclosing the turnover as taxable. The failure to do so, despite later remitting tax in instalments, meant the original returns remained incorrect and untrue because the statutory duty was to reflect the settled legal position. Voluntary payment after the declaration did not cure the defect in the returns or negate the omission to revise them. On that reasoning, penalty under section 45A(d) of the Kerala General Sales Tax Act, 1963 was upheld. Case-Laws VAT and Sales Tax Thu, 11 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160775