https://www.taxtmi.com/caselaws?id=154382 A revisional authority may interfere with an appellate finding on suppressed turnover under the Tamil Nadu General Sales Tax Act, 1959 where slips and stock discrepancies already on record provide relevant material showing actual suppression; the addition was therefore upheld. Penalty on the suppressed turnover, however, had to be imposed within the statute's maximum by exercising discretion and considering the circumstances. Because the maximum penalty was imposed without adequate regard to proportionality, it was reduced to 50 per cent of the tax due on the suppressed turnover. The assessment was sustained, but the penalty was substantially cut back on discretionary grounds. en-us Tue, 19 Jul 1983 00:00:00 +0530 Mon, 19 Aug 2013 14:12:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154382 A revisional authority may interfere with an appellate finding on suppressed turnover under the Tamil Nadu General Sales Tax Act, 1959 where slips and stock discrepancies already on record provide relevant material showing actual suppression; the addition was therefore upheld. Penalty on the suppressed turnover, however, had to be imposed within the statute's maximum by exercising discretion and considering the circumstances. Because the maximum penalty was imposed without adequate regard to proportionality, it was reduced to 50 per cent of the tax due on the suppressed turnover. The assessment was sustained, but the penalty was substantially cut back on discretionary grounds. Case-Laws VAT and Sales Tax Tue, 19 Jul 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154382