https://www.taxtmi.com/caselaws?id=372512 Penalty under the Tamil Nadu Value Added Tax Act could not be sustained where the assessing authority had not recorded a reasoned satisfaction that tax escapement resulted from wilful non-disclosure of turnover; a penalty order in quasi-judicial proceedings must disclose the basis for that conclusion, and mere non-response to proposal notices is insufficient. Mismatch-related assessments for later years also required reconsideration in line with the governing guidelines, with fresh adjudication after opportunity of reply and personal hearing. The matters were remitted for fresh consideration of both the penalty and mismatch issues. en-us Fri, 30 Nov 2018 00:00:00 +0530 Tue, 25 Dec 2018 08:21:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372512 Penalty under the Tamil Nadu Value Added Tax Act could not be sustained where the assessing authority had not recorded a reasoned satisfaction that tax escapement resulted from wilful non-disclosure of turnover; a penalty order in quasi-judicial proceedings must disclose the basis for that conclusion, and mere non-response to proposal notices is insufficient. Mismatch-related assessments for later years also required reconsideration in line with the governing guidelines, with fresh adjudication after opportunity of reply and personal hearing. The matters were remitted for fresh consideration of both the penalty and mismatch issues. Case-Laws VAT and Sales Tax Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372512