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2015 (2) TMI 1268 - MADRAS HIGH COURTRevision of assessment notice - section 27 of the TNVAT Act, 2006 - petitioner's total turnover is in excess of one crore rupees and the petitioner failed to to file the mandatory audit report in Form WW for the assessment year 2012-13 - Held that: - Admittedly, the petitioner has sought for time and he has not given any reply in detail. The respondent is unable to refute the contention - A reading of section 63-A makes it very clear that levy of 2% of the reported taxable turnover on the petitioner is not mentioned in section 63-A of the Act. The notice dated 7.11.2014 refers to imposing of 2% on account of probable increase in sales. When the Department had chosen to proceed against the petitioner for violation of Section 63, they cannot impose fine of 2% to the taxable turnover - the matter is remitted to the authority for consideration of the case on merits afresh and in accordance with law. Petition disposed off.
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