https://www.taxtmi.com/caselaws?id=165047 Penalty for escaped turnover was sustained where the dealer disclosed inter-State turnover but claimed exemption on the basis of a non-existent benefit under the Central Sales Tax Act. The Court held that Section 12A(1A) of the Karnataka Sales Tax Act applies when escapement results from wilful non-disclosure, and a mere assertion of exemption does not establish bona fides if the exemption is not express under the State law. The disclosure-on-record principle did not bar penalty because this case involved an assumed exemption, not an admitted or legally available one. The revision petitions therefore failed. en-us Wed, 10 Feb 2010 00:00:00 +0530 Thu, 16 Oct 2014 09:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165047 Penalty for escaped turnover was sustained where the dealer disclosed inter-State turnover but claimed exemption on the basis of a non-existent benefit under the Central Sales Tax Act. The Court held that Section 12A(1A) of the Karnataka Sales Tax Act applies when escapement results from wilful non-disclosure, and a mere assertion of exemption does not establish bona fides if the exemption is not express under the State law. The disclosure-on-record principle did not bar penalty because this case involved an assumed exemption, not an admitted or legally available one. The revision petitions therefore failed. Case-Laws VAT and Sales Tax Wed, 10 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165047