https://www.taxtmi.com/caselaws?id=156841 Best judgment assessment may be sustained where the assessee fails to maintain trading records, produce accounts, or explain bank remittances, and where the available materials support the assessing authority's conclusions. Penalty under section 12(3) of the Tamil Nadu General Sales Tax Act, 1959 is not automatic on such an assessment; it requires an independent finding that taxable turnover existed and was deliberately not disclosed, on proof stronger than that needed for assessment. Where the penalty issue is left without such a finding, the matter must be reconsidered afresh after hearing both sides. en-us Wed, 10 Jul 1991 00:00:00 +0530 Wed, 25 Sep 2013 14:43:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156841 Best judgment assessment may be sustained where the assessee fails to maintain trading records, produce accounts, or explain bank remittances, and where the available materials support the assessing authority's conclusions. Penalty under section 12(3) of the Tamil Nadu General Sales Tax Act, 1959 is not automatic on such an assessment; it requires an independent finding that taxable turnover existed and was deliberately not disclosed, on proof stronger than that needed for assessment. Where the penalty issue is left without such a finding, the matter must be reconsidered afresh after hearing both sides. Case-Laws VAT and Sales Tax Wed, 10 Jul 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156841