https://www.taxtmi.com/caselaws?id=164497 Penalty under section 16(2) of the Tamil Nadu General Sales Tax Act, 1959 was not leviable because the statutory condition of wilful non-disclosure of assessable turnover was not met. The turnover relating to sale of REP licence had been disclosed, and the assessee's claim of exemption was made on a bona fide belief that the issue had not attained finality while it remained pending before the Supreme Court. On those facts, the Tribunal's finding that penalty was unwarranted was neither perverse nor illegal, and the assessee's position was upheld. en-us Thu, 04 Feb 2010 00:00:00 +0530 Thu, 16 Oct 2014 14:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164497 Penalty under section 16(2) of the Tamil Nadu General Sales Tax Act, 1959 was not leviable because the statutory condition of wilful non-disclosure of assessable turnover was not met. The turnover relating to sale of REP licence had been disclosed, and the assessee's claim of exemption was made on a bona fide belief that the issue had not attained finality while it remained pending before the Supreme Court. On those facts, the Tribunal's finding that penalty was unwarranted was neither perverse nor illegal, and the assessee's position was upheld. Case-Laws VAT and Sales Tax Thu, 04 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164497