https://www.taxtmi.com/caselaws?id=158661 Penalty under Section 12(3)(b) of the Tamil Nadu General Sales Tax Act, read with Section 9(2-A) of the Central Sales Tax Act, was held inapplicable where the assessment was completed under Section 12(1) on the basis of the assessee's accounts. The court followed binding precedent that this penal provision operates only in cases of best judgment assessment or estimate, not on a regular assessment made from disclosed accounts. On that reasoning, restoration of the penalty was found unsustainable and the penalty order was set aside. en-us Thu, 03 Dec 2009 00:00:00 +0530 Sat, 02 Nov 2013 15:58:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158661 Penalty under Section 12(3)(b) of the Tamil Nadu General Sales Tax Act, read with Section 9(2-A) of the Central Sales Tax Act, was held inapplicable where the assessment was completed under Section 12(1) on the basis of the assessee's accounts. The court followed binding precedent that this penal provision operates only in cases of best judgment assessment or estimate, not on a regular assessment made from disclosed accounts. On that reasoning, restoration of the penalty was found unsustainable and the penalty order was set aside. Case-Laws VAT and Sales Tax Thu, 03 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158661