https://www.taxtmi.com/caselaws?id=158212 The Tribunal accepted suppression of sales turnover only to the extent supported by inspection materials, rejecting the assessing authority's broader assumption based on brought-forward entries that did not relate to a single identifiable date. It accordingly modified the suppressed turnover and reduced the penalty under Section 12(3) of the Tamil Nadu General Sales Tax Act because the penalty was linked to the revised turnover figure. The High Court found the Tribunal's approach reasonable and declined to interfere with either the turnover estimation or the revised penalty. en-us Mon, 12 Dec 1994 00:00:00 +0530 Fri, 18 Oct 2013 12:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158212 The Tribunal accepted suppression of sales turnover only to the extent supported by inspection materials, rejecting the assessing authority's broader assumption based on brought-forward entries that did not relate to a single identifiable date. It accordingly modified the suppressed turnover and reduced the penalty under Section 12(3) of the Tamil Nadu General Sales Tax Act because the penalty was linked to the revised turnover figure. The High Court found the Tribunal's approach reasonable and declined to interfere with either the turnover estimation or the revised penalty. Case-Laws VAT and Sales Tax Mon, 12 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158212