https://www.taxtmi.com/caselaws?id=154384 Penalty under section 12(3) of the Tamil Nadu General Sales Tax Act, 1959 may be sustained where incriminating slips found in the dealer's business premises support a sustained estimate of suppressed turnover, even if the assessment is based on best judgment. The assessee's explanation that the slips belonged to contractors or third parties was rejected, and the authorities treated the documents as evidence of unrecorded labour charges and stock deficiencies. The court distinguished earlier authority where rejection of explanation went to assessability itself, and held that the material found, together with the estimated suppression, was sufficient to invoke the penal provision. en-us Thu, 30 Jun 1983 00:00:00 +0530 Mon, 19 Aug 2013 14:21:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154384 Penalty under section 12(3) of the Tamil Nadu General Sales Tax Act, 1959 may be sustained where incriminating slips found in the dealer's business premises support a sustained estimate of suppressed turnover, even if the assessment is based on best judgment. The assessee's explanation that the slips belonged to contractors or third parties was rejected, and the authorities treated the documents as evidence of unrecorded labour charges and stock deficiencies. The court distinguished earlier authority where rejection of explanation went to assessability itself, and held that the material found, together with the estimated suppression, was sufficient to invoke the penal provision. Case-Laws VAT and Sales Tax Thu, 30 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154384