https://www.taxtmi.com/caselaws?id=158373 Substantial suppression of sales turnover supported an inference of wilful non-disclosure under section 12(3) of the Tamil Nadu General Sales Tax Act, and the Tribunal's reduction of penalty to 50 per cent was unjustified because discretion had to be exercised on relevant facts with reasons. The omission of synthetic gems turnover from the returns also made the return incorrect and incomplete under section 12(5)(iii), so deletion of that penalty could not stand. On the facts stated, both Tribunal reliefs were set aside and the Revenue's position was restored. en-us Tue, 12 Dec 1995 00:00:00 +0530 Tue, 22 Oct 2013 16:58:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158373 Substantial suppression of sales turnover supported an inference of wilful non-disclosure under section 12(3) of the Tamil Nadu General Sales Tax Act, and the Tribunal's reduction of penalty to 50 per cent was unjustified because discretion had to be exercised on relevant facts with reasons. The omission of synthetic gems turnover from the returns also made the return incorrect and incomplete under section 12(5)(iii), so deletion of that penalty could not stand. On the facts stated, both Tribunal reliefs were set aside and the Revenue's position was restored. Case-Laws VAT and Sales Tax Tue, 12 Dec 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158373