Madras HC confirms 150% Penalty imposed u/s 16(2)(d) of TNGST Act for Sales/Purchase Suppression Despite Deleting Speculative Additions [Read Order]

Rejecting new evidence, the Madras HC confirmed the 150% penalty for sales/purchase suppression
By Kavi Priya - On October 5, 2024 8:46 pm - 2 mins read
Madras HC - Madras High Court - Madras HC Confirms - TNGST Act - sales or purchases suppression - Deleting Speculative Additions - High Court news - taxscan

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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