Home Case Index All Cases VAT and Sales Tax VAT and Sales Tax + HC VAT and Sales Tax - 1981 (10) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1981 (10) TMI 167 - MADRAS HIGH COURTExtract: .......ent was made on that basis without invoking best judgment assessment, section 12 of the Act does not authorise the revenue to levy penalty. In these circumstances, we do not consider that there is any scope for levy of penalty, and therefore, the penalty was rightly cancelled by the Tribunal. The result is, the revision is partly allowed. No costs.
|