https://www.taxtmi.com/caselaws?id=148315 An assessee who elected assessment on monthly returns remained bound to file correct returns for that period, and a later supplementary return did not cure a wilful omission in the original returns or remove the foundation for penalty. The court upheld penalty under section 12(3), holding that the omission to disclose turnover found in the pocket note-books constituted deliberate default. It also sustained the addition for suppressed turnover for the anterior period, finding that entries in the note-books, surrounding circumstances, and indications in the regular accounts provided adequate basis to infer earlier suppression and estimate the quantum. 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 An assessee who elected assessment on monthly returns remained bound to file correct returns for that period, and a later supplementary return did not cure a wilful omission in the original returns or remove the foundation for penalty. The court upheld penalty under section 12(3), holding that the omission to disclose turnover found in the pocket note-books constituted deliberate default. It also sustained the addition for suppressed turnover for the anterior period, finding that entries in the note-books, surrounding circumstances, and indications in the regular accounts provided adequate basis to infer earlier suppression and estimate the quantum. Case-Laws VAT and Sales Tax Mon, 24 Apr 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148315