https://www.taxtmi.com/caselaws?id=260415 Section 12-B(4) of the Karnataka Sales Tax Act requires the 15% shortfall for penalty to be measured by comparing advance tax paid in aggregate for the whole year with the tax finally assessed for that year, not with the tax shown in the return. The appellate authority's contrary method of comparison was inconsistent with the statutory language, so its order was erroneous and prejudicial to Revenue. The revisional authority was therefore justified in exercising revisional jurisdiction under Section 22-A(1) to restore the penalty. en-us Thu, 04 Dec 2014 00:00:00 +0530 Thu, 11 Jun 2015 06:23:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=260415 Section 12-B(4) of the Karnataka Sales Tax Act requires the 15% shortfall for penalty to be measured by comparing advance tax paid in aggregate for the whole year with the tax finally assessed for that year, not with the tax shown in the return. The appellate authority's contrary method of comparison was inconsistent with the statutory language, so its order was erroneous and prejudicial to Revenue. The revisional authority was therefore justified in exercising revisional jurisdiction under Section 22-A(1) to restore the penalty. Case-Laws VAT and Sales Tax Thu, 04 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=260415