https://www.taxtmi.com/caselaws?id=149827 Penalty for concealment under the Madhya Pradesh General Sales Tax Act could be imposed even where assessment was made on best judgment and the exact concealed turnover was not separately quantified from proper accounts, because the statutory trigger was concealment or filing a false return. The court held that penalty could be computed with reference to the tax avoided on the basis of the return filed, and the absence of a separately ascertained concealed turnover did not bar levy. It also held that an assessed turnover of Rs. 1,00,000 was not unreasonable, since the returned turnover was already substantial and there was material indicating further concealment; the assessment and penalty were therefore upheld. en-us Tue, 21 Apr 1970 00:00:00 +0530 Sat, 04 May 2013 11:09:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=149827 Penalty for concealment under the Madhya Pradesh General Sales Tax Act could be imposed even where assessment was made on best judgment and the exact concealed turnover was not separately quantified from proper accounts, because the statutory trigger was concealment or filing a false return. The court held that penalty could be computed with reference to the tax avoided on the basis of the return filed, and the absence of a separately ascertained concealed turnover did not bar levy. It also held that an assessed turnover of Rs. 1,00,000 was not unreasonable, since the returned turnover was already substantial and there was material indicating further concealment; the assessment and penalty were therefore upheld. Case-Laws VAT and Sales Tax Tue, 21 Apr 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=149827