https://www.taxtmi.com/caselaws?id=167797 Tax and penalty were upheld where exemption on sales was claimed on the basis of purchasers' exemption certificates, but those exemption periods had already expired. The declaration supporting exemption was therefore false, and the transaction was treated as a taxable sale not covered by valid exemption. Section 28 of the Madhya Pradesh Commercial Tax Act, 1994 authorises levy of tax and penalty where a sale or purchase has escaped assessment or been under-assessed. On the admitted factual basis that exemption had been wrongly obtained, the authority was justified in assessing tax and imposing penalty. en-us Mon, 11 Feb 2013 00:00:00 +0530 Thu, 01 Jan 2015 22:09:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167797 Tax and penalty were upheld where exemption on sales was claimed on the basis of purchasers' exemption certificates, but those exemption periods had already expired. The declaration supporting exemption was therefore false, and the transaction was treated as a taxable sale not covered by valid exemption. Section 28 of the Madhya Pradesh Commercial Tax Act, 1994 authorises levy of tax and penalty where a sale or purchase has escaped assessment or been under-assessed. On the admitted factual basis that exemption had been wrongly obtained, the authority was justified in assessing tax and imposing penalty. Case-Laws VAT and Sales Tax Mon, 11 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167797