https://www.taxtmi.com/caselaws?id=768510 Penalty under Section 27(4) of the Tamil Nadu Value Added Tax Act, 2006 was not sustainable where the assessment arose from mismatch verification of Input Tax Credit and the facts did not establish clear suppression or a bogus claim. The court noted that the tax liability had already been confirmed and paid, and the dispute survived only on penalty. Since the information relied on was not conclusive and the matter did not strictly fall within the penal provision, the penalty was set aside while the tax confirmation was left undisturbed. en-us Fri, 25 Oct 2024 00:00:00 +0530 Tue, 08 Apr 2025 16:43:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768510 Penalty under Section 27(4) of the Tamil Nadu Value Added Tax Act, 2006 was not sustainable where the assessment arose from mismatch verification of Input Tax Credit and the facts did not establish clear suppression or a bogus claim. The court noted that the tax liability had already been confirmed and paid, and the dispute survived only on penalty. Since the information relied on was not conclusive and the matter did not strictly fall within the penal provision, the penalty was set aside while the tax confirmation was left undisturbed. Case-Laws VAT / Sales Tax Fri, 25 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768510