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Learn More48 vi. Penalty w.r.t. Revised Return under MVAT Act :
Circular No.6T of 2010. Dated 02/02/2010
Since as per the periodicity determined by the Department,
date of filing of revised return has been extended from 31st January, 2010 to
15th March, 2010. Therefore, if the revised return is filed by 15th March, 2010,
penalty u/s.sec 29 (8) of MVAT Act, 2002 will not be levied.