https://www.taxtmi.com/caselaws?id=154392 Penalty under section 12(3) of the Tamil Nadu General Sales Tax Act was attracted where suppressed turnover was found from undisclosed transactions recovered in a surprise inspection and assessed on a best judgment basis. The dealer's failure to maintain regular accounts or file returns did not negate suppression, because the Tribunal's own acceptance of the estimated suppressed turnover necessarily meant that the turnover had not been disclosed in the statutory records. The cancellation of penalty was therefore inconsistent with those findings and was set aside. en-us Wed, 27 Jun 1984 00:00:00 +0530 Mon, 19 Aug 2013 14:55:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154392 Penalty under section 12(3) of the Tamil Nadu General Sales Tax Act was attracted where suppressed turnover was found from undisclosed transactions recovered in a surprise inspection and assessed on a best judgment basis. The dealer's failure to maintain regular accounts or file returns did not negate suppression, because the Tribunal's own acceptance of the estimated suppressed turnover necessarily meant that the turnover had not been disclosed in the statutory records. The cancellation of penalty was therefore inconsistent with those findings and was set aside. Case-Laws VAT and Sales Tax Wed, 27 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154392