https://www.taxtmi.com/caselaws?id=156658 Penalty under section 16(2) of the Tamil Nadu General Sales Tax Act was held sustainable where reassessment findings, based on bank records and the assessee's failure to produce relevant records, established undisclosed sales turnover. The court treated the non-disclosure as concealment rather than a mere dispute, because the escaped turnover had not been returned in the assessee's returns and remained unrebutted. The earlier decision in Kathiresan Yarn Stores was found inapplicable on different facts. The penalty cancellation was reversed and the levy was left intact. en-us Mon, 22 Oct 1990 00:00:00 +0530 Mon, 23 Sep 2013 14:17:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156658 Penalty under section 16(2) of the Tamil Nadu General Sales Tax Act was held sustainable where reassessment findings, based on bank records and the assessee's failure to produce relevant records, established undisclosed sales turnover. The court treated the non-disclosure as concealment rather than a mere dispute, because the escaped turnover had not been returned in the assessee's returns and remained unrebutted. The earlier decision in Kathiresan Yarn Stores was found inapplicable on different facts. The penalty cancellation was reversed and the levy was left intact. Case-Laws VAT and Sales Tax Mon, 22 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156658