https://www.taxtmi.com/caselaws?id=161694 A statement of last purchase turnover filed before completion of assessment was treated as a revised return, but it remained incomplete because the tax due on the disclosed turnover was not accompanied by proof of payment when filed. On that basis, the Tribunal held that penalty was attracted under section 12(5)(iii) for an incorrect or incomplete return, read with section 12(4)(iii). Later payment of tax did not cure the defect in the return for penalty purposes, and the plea of bona fide omission did not displace the statutory consequence. The penalty was therefore restored. en-us Fri, 05 Apr 2002 00:00:00 +0530 Tue, 04 Feb 2014 14:50:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161694 A statement of last purchase turnover filed before completion of assessment was treated as a revised return, but it remained incomplete because the tax due on the disclosed turnover was not accompanied by proof of payment when filed. On that basis, the Tribunal held that penalty was attracted under section 12(5)(iii) for an incorrect or incomplete return, read with section 12(4)(iii). Later payment of tax did not cure the defect in the return for penalty purposes, and the plea of bona fide omission did not displace the statutory consequence. The penalty was therefore restored. Case-Laws VAT and Sales Tax Fri, 05 Apr 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161694