https://www.taxtmi.com/caselaws?id=167793 The High Court modified the Sales Tax Appellate Tribunal's order for the assessment year 1993-94, adjusting the turnover estimation to Rs. 5,00,000 and setting aside the penalty due to the assessment being based on estimation. Any excess tax paid was directed to be refunded to the assessee without interest. The Court found no justification for imposing a penalty based on alleged actual suppression, disregarding penalty ratio decisions, and thus set aside the penalty portion of the order. The tax liability was adjusted accordingly, and a tax case revision was ordered with no costs imposed on either party. en-us Fri, 02 Dec 2011 00:00:00 +0530 Sat, 10 Jan 2015 19:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167793 The High Court modified the Sales Tax Appellate Tribunal's order for the assessment year 1993-94, adjusting the turnover estimation to Rs. 5,00,000 and setting aside the penalty due to the assessment being based on estimation. Any excess tax paid was directed to be refunded to the assessee without interest. The Court found no justification for imposing a penalty based on alleged actual suppression, disregarding penalty ratio decisions, and thus set aside the penalty portion of the order. The tax liability was adjusted accordingly, and a tax case revision was ordered with no costs imposed on either party. Case-Laws VAT and Sales Tax Fri, 02 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167793