https://www.taxtmi.com/caselaws?id=154433 Where original returns are found to be incorrect or incomplete, an assessment based on the assessee's books and surrounding material remains a best judgment assessment if it reasonably determines true turnover; penalty under section 14(2) is therefore attracted. A later filing of revised monthly returns after detection of suppressed turnover does not erase the earlier concealment or nullify liability already incurred, because there is no statutory basis for treating the revised returns as wiping out the original false returns. The retained concealment supports penalty on the suppressed turnover shown in the original returns. en-us Thu, 22 Nov 1984 00:00:00 +0530 Wed, 21 Aug 2013 12:55:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154433 Where original returns are found to be incorrect or incomplete, an assessment based on the assessee's books and surrounding material remains a best judgment assessment if it reasonably determines true turnover; penalty under section 14(2) is therefore attracted. A later filing of revised monthly returns after detection of suppressed turnover does not erase the earlier concealment or nullify liability already incurred, because there is no statutory basis for treating the revised returns as wiping out the original false returns. The retained concealment supports penalty on the suppressed turnover shown in the original returns. Case-Laws VAT and Sales Tax Thu, 22 Nov 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154433