https://www.taxtmi.com/caselaws?id=162989 Full disclosure of turnover and other material facts in a sales tax return does not amount to a false return merely because the dealer advances an unsustainable legal claim for exemption or a lower tax rate. Penalty under section 43(1) of the Madhya Pradesh General Sales Tax Act, 1958 applies to concealment of turnover, inaccurate particulars, or a factually false return, not to an incorrect legal plea made on the basis of disclosed facts. The court held that where the dispute concerns only the legal effect of a notification and the facts are correctly stated, penalty is not leviable. en-us Tue, 20 Mar 2007 00:00:00 +0530 Thu, 20 Mar 2014 10:44:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162989 Full disclosure of turnover and other material facts in a sales tax return does not amount to a false return merely because the dealer advances an unsustainable legal claim for exemption or a lower tax rate. Penalty under section 43(1) of the Madhya Pradesh General Sales Tax Act, 1958 applies to concealment of turnover, inaccurate particulars, or a factually false return, not to an incorrect legal plea made on the basis of disclosed facts. The court held that where the dispute concerns only the legal effect of a notification and the facts are correctly stated, penalty is not leviable. Case-Laws VAT and Sales Tax Tue, 20 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162989