Rejecting new evidence, the Madras HC confirmed the 150% penalty for sales/purchase suppression
In a recent ruling, the Madras High Court confirmed a 150% penalty imposed under Section 16(2)(d) of the Tamil Nadu General Sales Tax Act, 1959 (TNGST Act) for sales/purchases suppression despite deleting speculative additions. Ruckmani Electricals, the petitioner is a registered dealer under the Tamil Nadu General Sales Tax Act, 1959 (TNGST Act). An inspection…
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