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1975 (9) TMI 135 - SC - VAT and Sales TaxInterpretation of section 7-A of the U.P. Sales Tax Act - Held that:- Appeal allowed. If the interpretation given by the High Court is accepted, it will amount to giving a licence to the assessee to escape final assessment by filing wrong quarterly returns and deflating the profits earned by them. The result is that both the appeals are allowed. The judgments and orders of the High Court are set aside, but in the circumstances we leave the parties to bear their costs throughout. The order passed by this court, however, will not preclude the assessee from challenging the correctness of levy of penalty before the statutory authorities In accordance with law, if he is in time
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