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2018 (5) TMI 718 - HC - VAT and Sales TaxLevy of turnover tax - penalty u/s 12(3)(b) of TNGST Act - Held that: - There is no suppression in the books of accounts. Reliance placed in the case of Appollo Saline Pharmaceuticals (P) Ltd., Vs. Commercial Tax Officer (FAC) and Others [2001 (10) TMI 1100 - MADRAS HIGH COURT], where it was held that on and after April 1, 1996 an explanation has been added below Section 12 (3) which requires the turnover relating to the tax assessed on the basis of the accounts of the assessee, to be disregarded, while determining the turnover on which the penalty is to be levied under Section 12 (3). Petition dismissed - decided against petitioner-Revenue.
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