Shanti Prime Publication Pvt. Ltd.
Rectification of mistake — The petitioners stated that the respondents committed an error in appreciating the power under Section 42 of the Act and also the effect of these transactions from standard accountancy practices finally certified by the authority. Section 79(B) of the Act has no application, for the petitioners in fact before penal action under KVAT Act is initiated, have taken steps to regularise the omissions noted in this behalf. The omissions which are sought to be rectified are bona fide and the matter requires objective consideration by the respondents. The matter remitted to 1st respondent for consideration afresh. — The Malabar Regional Co Operative Milk Producers Union Limited Vs. The Assistant Commissioner Special Circle-1, Sgst Department, Kozhikode, The Commissioner of State Taxes, Thiruvananthapuram And The Deputy Commissioner, SGST Department, Commercial Taxes Kozhikode  13 TAXLOK.COM 028 (Kerala)