https://www.taxtmi.com/caselaws?id=377672 A revised return is not maintainable once proceedings under the assessment provision have commenced, because the statutory conditions for filing a revised return are no longer satisfied. The assessee's post-commencement return was therefore invalid in law. On penalty, the provision for suppressed turnover confers discretion and the maximum penalty is not automatic; where suppression was proved but the tax was later paid in instalments, a penalty of 100% was treated as sufficient and 200% was considered excessive. The challenge to the reduced penalty failed, and the tribunal's order sustaining 100% penalty was affirmed. en-us Thu, 14 Mar 2019 00:00:00 +0530 Tue, 02 Apr 2019 07:27:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377672 A revised return is not maintainable once proceedings under the assessment provision have commenced, because the statutory conditions for filing a revised return are no longer satisfied. The assessee's post-commencement return was therefore invalid in law. On penalty, the provision for suppressed turnover confers discretion and the maximum penalty is not automatic; where suppression was proved but the tax was later paid in instalments, a penalty of 100% was treated as sufficient and 200% was considered excessive. The challenge to the reduced penalty failed, and the tribunal's order sustaining 100% penalty was affirmed. Case-Laws VAT and Sales Tax Thu, 14 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377672