Section 22(5) , the penalty is leviable at 150% of the tax due on the escaped turnover.
Penalty levied : Rs.11,08,61,495.00
Penalty ... Section 22(5) , the penalty is leviable at 150% of the tax due on the escaped turnover.
Penalty levied : Rs.42,23,589.00
Penalty paid
General Sales Tax Act, 1959, on the above turnovers and also levied penalty at 150% under Section ... Acts Cell-I/13063/2004, dated 14.09.2004 and therefore, the penalty levied by the assessing officer, under Section of the Act, is in order
manufacture of goods and exported the same. The assessing officer also levied penalty, under Section 16(2) of the TNGST Act, 1959. Aggrieved ... came to be partly dismissed on 12.04.2007, sustaining levy of 1% tax, while setting aside the penalty. Against which, the assessee has preferred an appeal
speaks about levy and collection of tax and the same is extracted here under:
"9. Levy and collection of tax and penalties ... financial year of any tax, 4 [including any interest or penalty] levied and collected under this Act in any State (other than a Union Territory
manufacture of goods and exported the same. The assessing officer also levied penalty, under Section 16(2) of the TNGST Act, 1959. Aggrieved ... came to be partly dismissed on 12.04.2007, sustaining levy of 1% tax, while setting aside the penalty. Against which, the assessee has preferred an appeal
addition for probable omissions, for the above said assessment years, besides levied penalty under Section 9 (2- A) of the Tamil Nadu General Sales
Assessing Officer levied differential rate of tax of 9% on Rs.44,662/- and also surcharge. He also levied penalty under section ... there is no question of misuse of Form XVII declarations attracting levy of penalty under section 23 of the Act for violation of Section
Assessing Officer levied differential rate of tax of 9% on Rs.44,662/- and also surcharge. He also levied penalty under section ... there is no question of misuse of Form XVII declarations attracting levy of penalty under section 23 of the Act for violation of Section
petitioner is concerned. That apart, the question of levying penalty or computing of notional loss would arise only when a licence is granted ... security deposit on the alleged ground that it is retained for levy of penalty is also erroneous.
9. In the light of the reasons assigned
whether assessed or levied before such commencement or assessed or levied after such commencement, may be recovered as if such tax, penalty, interest ... amount is assessed or levied under the provisions of this Act and all methods of recovery including levy of interest, penalty or prosecution provided under
