AO Lacks Jurisdiction for TNVAT Act Penalty Without Definite Finding: Madras HC

Supreme Trading House Vs Assistant Commissioner (ST) (Madras High Court) Introduction: The Madras High Court recently addressed the issue of penalty imposition under the Tamil Nadu Value Added Tax (TNVAT) Act in the case of Supreme Trading House vs. Assistant Commissioner. The court’s ruling emphasized the necessity of a definite finding on wilful non-disclosure of taxable turnover in the assessment order before the Assessing Officer (AO) can exercise jurisdiction to impose penalties under Section 27 (3) of the TNVAT Act. Detailed Analysis: The writ petitions challenged the penalty proce...