1982 (3) TMI 237 - HC - VAT and Sales Tax

Summary

The High Court quashed the penalty orders imposed under section 10(7) of the Punjab General Sales Tax Act for incorrect returns and non-payment of tax for the assessment year 1970-71. The court ruled that since the basic assessment order was set aside, the penalty orders must also be set aside. The court allowed the petitions and quashed the penalty orders, allowing authorities to re-examine the matter.