https://www.taxtmi.com/caselaws?id=349452 On remand of the stock transfer issue, the dealer produced revised statements and supporting records in the format sought by the assessing authority, but the assessment was completed without further clarification on that corrected material despite an identical later-year transaction having been accepted. The factual verification was therefore incomplete, and the assessment on input tax credit reversal was set aside for fresh consideration. Penalty under Section 27(4) of the Tamil Nadu Value Added Tax Act, 2006 could not stand because the records did not show wilful suppression of assessable turnover or any intent to evade tax. The penalty was set aside in full. en-us Thu, 05 Oct 2017 00:00:00 +0530 Sat, 14 Oct 2017 07:55:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349452 On remand of the stock transfer issue, the dealer produced revised statements and supporting records in the format sought by the assessing authority, but the assessment was completed without further clarification on that corrected material despite an identical later-year transaction having been accepted. The factual verification was therefore incomplete, and the assessment on input tax credit reversal was set aside for fresh consideration. Penalty under Section 27(4) of the Tamil Nadu Value Added Tax Act, 2006 could not stand because the records did not show wilful suppression of assessable turnover or any intent to evade tax. The penalty was set aside in full. Case-Laws VAT and Sales Tax Thu, 05 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349452