1994 (6) TMI 206 - HC - VAT and Sales Tax

Summary

The High Court of Andhra Pradesh allowed five tax revision cases related to penalty levied on an assessee for assessment years before July 1, 1985. The Sales Tax Appellate Tribunal reduced the penalty from three times to two times the tax payable by the assessee. The Court found that no minimum penalty was prescribed prior to July 1, 1985, and reduced the penalty further to half of the penalty imposed by the Tribunal due to wilful omission.