The Court noticed that a huge turnover had not been disclosed and escaped tax by wilful and deliberate non-disclosure of taxable turnover
The Kerala High Court upheld the penalty order under the Kerala Value Added Tax Act, 2003 (KVAT Act) on failure to disclose true and correct matters. Artech Realtors (P) Ltd, the petitioner challenged the penalty order passed by the first respondent under Section 67(1) of the KVAT Act imposing the penalty of Rs.6,06,16,380/- only being…
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