https://www.taxtmi.com/caselaws?id=148404 A belated return that has been accepted and assessed on that basis, without resort to best judgment, does not attract penalty under section 12(3) of the Madras General Sales Tax Act, 1959. The provision was held not to authorise penalty in such circumstances, because the assessment proceeded on the accepted return and the revenue acted beyond the jurisdiction conferred by section 12. The penalty was therefore unsustainable and the issue was decided in favour of the assessee. en-us Thu, 18 Jul 1968 00:00:00 +0530 Fri, 26 Apr 2013 16:41:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148404 A belated return that has been accepted and assessed on that basis, without resort to best judgment, does not attract penalty under section 12(3) of the Madras General Sales Tax Act, 1959. The provision was held not to authorise penalty in such circumstances, because the assessment proceeded on the accepted return and the revenue acted beyond the jurisdiction conferred by section 12. The penalty was therefore unsustainable and the issue was decided in favour of the assessee. Case-Laws VAT and Sales Tax Thu, 18 Jul 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148404