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2011 (6) TMI 712 - KERALA HIGH COURTOrders of the VAT Appellate Tribunal confirming penalty levied under section 67 of the Kerala Value Added Tax Act, 2003 for evasion of tax during the year 2005-06 challenged Held that:- We do not propose to consider the transactions covered by all slips, which were taken as unaccounted sales because the Tribunal has considered entries in large number of slips and found no substance in the petitioner's challenge against the same. Consequently, we do not find any justification to interfere with the order of the Tribunal sustaining penalty. In view of the contest made by the petitioner in assessment, we do not think there is any scope for reduction of penalty which could have been considered, if the petitioner offered suppressed turnover for assessment and remitted the tax without contest. Consequently, there is no scope for reduction of penalty. Revision dismissed.
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