https://www.taxtmi.com/caselaws?id=150474 An assessment for escaped turnover was sustained under section 16 of the Madras General Sales Tax Act, 1959, even though the order referred to section 12(2), because the assessing authority otherwise had jurisdiction and a wrong statutory citation did not invalidate the assessment. The penalty, however, could not stand because escaped-assessment penalty required a specific finding of wilful non-disclosure of assessable turnover, and no such finding was recorded in the assessment orders. The tax assessment was upheld, but the penalty was quashed. en-us Mon, 19 Jun 1972 00:00:00 +0530 Fri, 17 May 2013 12:45:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150474 An assessment for escaped turnover was sustained under section 16 of the Madras General Sales Tax Act, 1959, even though the order referred to section 12(2), because the assessing authority otherwise had jurisdiction and a wrong statutory citation did not invalidate the assessment. The penalty, however, could not stand because escaped-assessment penalty required a specific finding of wilful non-disclosure of assessable turnover, and no such finding was recorded in the assessment orders. The tax assessment was upheld, but the penalty was quashed. Case-Laws VAT and Sales Tax Mon, 19 Jun 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150474