https://www.taxtmi.com/caselaws?id=148315 Penalty for incorrect monthly returns remains sustainable where an assessee elects monthly assessment and wilfully omits turnover recorded in pocket note-books. A supplementary return filed before final assessment may bring omitted turnover into assessment but does not condone the earlier default or remove the basis for penalty. Suppressed turnover for an earlier period may also be estimated from note-book entries, surrounding circumstances, and indications of suppression in regular accounts where those materials reasonably support the inference. The penalty and estimated turnover additions were sustained. en-us Mon, 24 Apr 1967 00:00:00 +0530 Thu, 25 Apr 2013 15:45:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148315 Penalty for incorrect monthly returns remains sustainable where an assessee elects monthly assessment and wilfully omits turnover recorded in pocket note-books. A supplementary return filed before final assessment may bring omitted turnover into assessment but does not condone the earlier default or remove the basis for penalty. Suppressed turnover for an earlier period may also be estimated from note-book entries, surrounding circumstances, and indications of suppression in regular accounts where those materials reasonably support the inference. The penalty and estimated turnover additions were sustained. Case-Laws VAT and Sales Tax Mon, 24 Apr 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148315