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2018 (12) TMI 1280 - HC - VAT and Sales TaxRestoration of penalty u/s 27(3) of the TNVAT Act - it was alleged that sales turnover was disproportionate to the purchases - TNVAT Act - Held that:- The Appellate Deputy Commissioner rightly considered the petitioner's plea and deleted penalty. The reasons assigned by the Tribunal for restoring the penalty are not convincing and are not in accordance with the law - It is not disputed by the Revenue that the alleged difference in turnover was found out only from the books of accounts i.e. the returns filed by the assessee under the Income Tax Act, 1961 and the monthly returns filed under the TNVAT Act. In such circumstances, there can be no allegation of willful non disclosure of taxable turnover. The penalty, which has been restored by the Tribunal, is set aside - tax case revision allowed.
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