https://www.taxtmi.com/caselaws?id=158618 Penalty under section 12(5)(iii) of the Tamil Nadu General Sales Tax Act is attracted only when the return is found to be incorrect or incomplete under section 12(4)(iii). Where the entire turnover was disclosed in the books of account and returns, and no finding was recorded that the return was incorrect or incomplete, the statutory pre-condition for levy was not satisfied. The penalty was therefore not sustainable and was deleted, while the assessment remained undisturbed. en-us Wed, 08 Apr 2009 00:00:00 +0530 Tue, 11 Nov 2014 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158618 Penalty under section 12(5)(iii) of the Tamil Nadu General Sales Tax Act is attracted only when the return is found to be incorrect or incomplete under section 12(4)(iii). Where the entire turnover was disclosed in the books of account and returns, and no finding was recorded that the return was incorrect or incomplete, the statutory pre-condition for levy was not satisfied. The penalty was therefore not sustainable and was deleted, while the assessment remained undisturbed. Case-Laws VAT and Sales Tax Wed, 08 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158618