https://www.taxtmi.com/caselaws?id=162628 Penalty under section 12(5)(iii) of the Tamil Nadu General Sales Tax Act was unwarranted where REP licence turnover was disclosed in the total turnover but excluded from taxable turnover because its taxability was then under genuine dispute. The issue was later settled against the assessee, and the tax was paid thereafter. Applying the principle that penalty is not justified for a bona fide dispute without deliberate suppression or conscious disregard of law, the penalty was held unsustainable and deleted in favour of the assessee. en-us Thu, 22 Feb 2007 00:00:00 +0530 Tue, 11 Mar 2014 17:33:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162628 Penalty under section 12(5)(iii) of the Tamil Nadu General Sales Tax Act was unwarranted where REP licence turnover was disclosed in the total turnover but excluded from taxable turnover because its taxability was then under genuine dispute. The issue was later settled against the assessee, and the tax was paid thereafter. Applying the principle that penalty is not justified for a bona fide dispute without deliberate suppression or conscious disregard of law, the penalty was held unsustainable and deleted in favour of the assessee. Case-Laws VAT and Sales Tax Thu, 22 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162628