https://www.taxtmi.com/caselaws?id=354699 Penalty under Section 12(3)(b) of the Tamil Nadu General Sales Tax Act was held not leviable where the disputed turnover was fully disclosed in the books and the dispute arose only from rejection of the exemption claim. The Court found no concealment or mens rea on the material before it, and accepted that a bona fide claim based on disclosed figures does not attract penalty merely because the assessment results in an addition. The amended provision and its explanation did not change the result on the facts found, so the revision on penalty failed. en-us Fri, 22 Dec 2017 00:00:00 +0530 Sat, 03 Feb 2018 08:12:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354699 Penalty under Section 12(3)(b) of the Tamil Nadu General Sales Tax Act was held not leviable where the disputed turnover was fully disclosed in the books and the dispute arose only from rejection of the exemption claim. The Court found no concealment or mens rea on the material before it, and accepted that a bona fide claim based on disclosed figures does not attract penalty merely because the assessment results in an addition. The amended provision and its explanation did not change the result on the facts found, so the revision on penalty failed. Case-Laws VAT and Sales Tax Fri, 22 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354699