https://www.taxtmi.com/caselaws?id=128463 Penalty for undisclosed turnover under the Andhra Pradesh General Sales Tax Act was construed to operate consistently with best judgment assessment. The Court held that the expression is not confined to turnover actually proved to have been concealed, because the assessing authority is empowered to estimate turnover under best judgment and the penalty provision must follow that final estimation. Relying on the analogous income-tax penalty principle, the Court treated the penalty as referable to turnover as finally estimated rather than only to specifically established suppression, and the revision was decided against the assessee. en-us Tue, 06 Mar 1962 00:00:00 +0530 Sat, 06 Apr 2013 10:42:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128463 Penalty for undisclosed turnover under the Andhra Pradesh General Sales Tax Act was construed to operate consistently with best judgment assessment. The Court held that the expression is not confined to turnover actually proved to have been concealed, because the assessing authority is empowered to estimate turnover under best judgment and the penalty provision must follow that final estimation. Relying on the analogous income-tax penalty principle, the Court treated the penalty as referable to turnover as finally estimated rather than only to specifically established suppression, and the revision was decided against the assessee. Case-Laws VAT and Sales Tax Tue, 06 Mar 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128463