https://www.taxtmi.com/caselaws?id=161157 Penalty for non-disclosure of taxable turnover was not exigible where the assessee filed a revised statement before completion of assessment and the omission was found to be bona fide. Although failure to disclose turnover in the monthly return could ordinarily attract penalty under the relevant sales tax provisions, the later disclosure before finalisation of assessment and the accepted explanation that the omission arose from uncertainty about the transaction's nature meant deliberate suppression was not established. The cancellation of penalty was therefore left undisturbed. 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 Penalty for non-disclosure of taxable turnover was not exigible where the assessee filed a revised statement before completion of assessment and the omission was found to be bona fide. Although failure to disclose turnover in the monthly return could ordinarily attract penalty under the relevant sales tax provisions, the later disclosure before finalisation of assessment and the accepted explanation that the omission arose from uncertainty about the transaction's nature meant deliberate suppression was not established. The cancellation of penalty was therefore left undisturbed. Case-Laws VAT and Sales Tax Tue, 04 Apr 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161157