https://www.taxtmi.com/caselaws?id=154167 Penalty under section 12(3) of the Tamil Nadu General Sales Tax Act was held applicable where the returned turnover was rejected and best judgment assessment was made on account of suppressed sales. The sustained addition reflected suppression from both the accounts and the return, so the earlier view that no penalty was leviable was not accepted. At the same time, the penalty could be confined only to the tax attributable to the addition actually maintained, and not to any higher estimate of suppressed turnover. The operative effect was that penalty was limited to the suppressed turnover upheld on assessment. en-us Wed, 30 Mar 1983 00:00:00 +0530 Fri, 09 Aug 2013 16:18:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154167 Penalty under section 12(3) of the Tamil Nadu General Sales Tax Act was held applicable where the returned turnover was rejected and best judgment assessment was made on account of suppressed sales. The sustained addition reflected suppression from both the accounts and the return, so the earlier view that no penalty was leviable was not accepted. At the same time, the penalty could be confined only to the tax attributable to the addition actually maintained, and not to any higher estimate of suppressed turnover. The operative effect was that penalty was limited to the suppressed turnover upheld on assessment. Case-Laws VAT and Sales Tax Wed, 30 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154167