https://www.taxtmi.com/caselaws?id=167752 Penalty and interest under the VAT scheme could not be finally sustained where the assessee had filed original, revised and second revised returns within the statutory period, paid tax and differential interest, and raised objections that were not adequately examined. The revisional order setting aside the appellate decision was held unsustainable because the effect of the revised returns and the surrounding factual sequence required proper scrutiny before any penalty or interest could be affirmed. The matter was therefore remitted to the Assessing Authority for fresh consideration of penalty, interest, and related jurisdictional issues in accordance with law. en-us Mon, 03 Dec 2012 00:00:00 +0530 Mon, 05 Jan 2015 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167752 Penalty and interest under the VAT scheme could not be finally sustained where the assessee had filed original, revised and second revised returns within the statutory period, paid tax and differential interest, and raised objections that were not adequately examined. The revisional order setting aside the appellate decision was held unsustainable because the effect of the revised returns and the surrounding factual sequence required proper scrutiny before any penalty or interest could be affirmed. The matter was therefore remitted to the Assessing Authority for fresh consideration of penalty, interest, and related jurisdictional issues in accordance with law. Case-Laws VAT and Sales Tax Mon, 03 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167752