https://www.taxtmi.com/caselaws?id=161157 The Court upheld the Tribunal's decision to cancel the penalty imposed under section 12(5) of the Tamil Nadu Sales Tax Act, 1959 on the assessee for non-disclosure of taxable turnover in monthly returns. The Court emphasized the assessee's bona fide intent and timely disclosure of turnover before assessment completion, ruling that penalty imposition is not warranted in such circumstances. The State's argument that non-disclosure alone justifies penalty imposition was rejected, and the Court affirmed the Tribunal's decision based on the assessee's explanation and compliance with statutory rules. en-us Tue, 04 Apr 1995 00:00:00 +0530 Tue, 07 Jan 2014 18:28:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161157 The Court upheld the Tribunal's decision to cancel the penalty imposed under section 12(5) of the Tamil Nadu Sales Tax Act, 1959 on the assessee for non-disclosure of taxable turnover in monthly returns. The Court emphasized the assessee's bona fide intent and timely disclosure of turnover before assessment completion, ruling that penalty imposition is not warranted in such circumstances. The State's argument that non-disclosure alone justifies penalty imposition was rejected, and the Court affirmed the Tribunal's decision based on the assessee's explanation and compliance with statutory rules. Case-Laws VAT and Sales Tax Tue, 04 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161157