https://www.taxtmi.com/caselaws?id=332301 The High Court held that the Tribunal erred in applying only one clause of the Explanation to Section 12(3)(b) and failed to consider other applicable clauses. It found the penalty unjustified as there was no suppression of turnover and the transaction was bona fide reported. The Court allowed the Tax Case Revision Petition, setting aside the penalty imposed under Section 12(3)(b) of the Tamil Nadu General Sales Tax Act. en-us Thu, 28 Jul 2016 00:00:00 +0530 Tue, 28 Mar 2017 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332301 The High Court held that the Tribunal erred in applying only one clause of the Explanation to Section 12(3)(b) and failed to consider other applicable clauses. It found the penalty unjustified as there was no suppression of turnover and the transaction was bona fide reported. The Court allowed the Tax Case Revision Petition, setting aside the penalty imposed under Section 12(3)(b) of the Tamil Nadu General Sales Tax Act. Case-Laws VAT and Sales Tax Thu, 28 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332301