https://www.taxtmi.com/caselaws?id=167707 The Supreme Court remitted the matter to the High Court to determine if the penalty imposition was proper. The court upheld the 300% penalty for non-disclosure of excise duty in the turnover, rejecting the petitioner's argument regarding the inclusion of excise duty in the turnover. The court found the petitioner deficient in paying sales tax and admitted taxes, leading to the justified imposition of the penalty under the Finance Act. The judgment dismissed the writ petitions, confirming the penalty imposition and ordering the petitioner to pay costs. en-us Tue, 06 Sep 2011 00:00:00 +0530 Thu, 01 Jan 2015 22:09:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167707 The Supreme Court remitted the matter to the High Court to determine if the penalty imposition was proper. The court upheld the 300% penalty for non-disclosure of excise duty in the turnover, rejecting the petitioner's argument regarding the inclusion of excise duty in the turnover. The court found the petitioner deficient in paying sales tax and admitted taxes, leading to the justified imposition of the penalty under the Finance Act. The judgment dismissed the writ petitions, confirming the penalty imposition and ordering the petitioner to pay costs. Case-Laws VAT and Sales Tax Tue, 06 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167707