https://www.taxtmi.com/caselaws?id=150103 Penalty for filing a false or incorrect return under section 10(7) of the Punjab General Sales Tax Act could be imposed independently of assessment under section 11(2) where the falsity was apparent from the material before the authority. The Court held that completion of best judgment assessment was not a condition precedent, and the absence of a statutory refund mechanism did not alter that position. It further held that no denial of reasonable opportunity was shown, as notice was issued and the assessee failed to produce records. The plea of bona fide belief also failed because the return omitted the purchases altogether and lacked factual support. en-us Tue, 25 May 1971 00:00:00 +0530 Wed, 08 May 2013 17:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150103 Penalty for filing a false or incorrect return under section 10(7) of the Punjab General Sales Tax Act could be imposed independently of assessment under section 11(2) where the falsity was apparent from the material before the authority. The Court held that completion of best judgment assessment was not a condition precedent, and the absence of a statutory refund mechanism did not alter that position. It further held that no denial of reasonable opportunity was shown, as notice was issued and the assessee failed to produce records. The plea of bona fide belief also failed because the return omitted the purchases altogether and lacked factual support. Case-Laws VAT and Sales Tax Tue, 25 May 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150103