https://www.taxtmi.com/caselaws?id=372243 Under the KVAT self-assessment scheme, an assessee must file a correct return, and failure to revise a return after discrepancies are disclosed can attract independent penalty proceedings under Section 67. The court noted that such penalty action need not wait for reassessment under Section 25(3), because the intelligence authority may proceed on detected discrepancies and the absence of a timely revised return. Writ interference under Article 226 was declined because the assessee had an adequate statutory appellate remedy and could raise all factual contentions, including the plea that no tax evasion occurred. Permission to file a belated revised return was also rejected once penalty proceedings had begun. en-us Mon, 03 Dec 2018 00:00:00 +0530 Thu, 20 Dec 2018 06:26:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372243 Under the KVAT self-assessment scheme, an assessee must file a correct return, and failure to revise a return after discrepancies are disclosed can attract independent penalty proceedings under Section 67. The court noted that such penalty action need not wait for reassessment under Section 25(3), because the intelligence authority may proceed on detected discrepancies and the absence of a timely revised return. Writ interference under Article 226 was declined because the assessee had an adequate statutory appellate remedy and could raise all factual contentions, including the plea that no tax evasion occurred. Permission to file a belated revised return was also rejected once penalty proceedings had begun. Case-Laws VAT and Sales Tax Mon, 03 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372243