https://www.taxtmi.com/caselaws?id=149943 Undeclared stock assessment based on a reasoned fresh scrutiny of seized notebooks was not shown to be arbitrary or perverse, so writ interference was unwarranted. Penalty could not be sustained under the sales tax penalty provision without a specific finding that escapement resulted from wilful non-disclosure of assessable turnover. The assessment was upheld, but the penalty order was quashed for lack of the requisite statutory finding. en-us Wed, 24 Mar 1971 00:00:00 +0530 Mon, 06 May 2013 15:51:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=149943 Undeclared stock assessment based on a reasoned fresh scrutiny of seized notebooks was not shown to be arbitrary or perverse, so writ interference was unwarranted. Penalty could not be sustained under the sales tax penalty provision without a specific finding that escapement resulted from wilful non-disclosure of assessable turnover. The assessment was upheld, but the penalty order was quashed for lack of the requisite statutory finding. Case-Laws VAT and Sales Tax Wed, 24 Mar 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=149943