TMI BlogAssessee Penalized Under CST Act for Late Return Revision After Penalty Proceedings Began, Violating Section 42(2) Proviso.Imposition of penalty - CST Act - purchase tax not paid - The assessee attempted revision of returns only after penalty proceedings were issued, which is not permissible as per the proviso to Section 42(2). ..... X X X X Extracts X X X X X X X X Extracts X X X X
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