https://www.taxtmi.com/caselaws?id=158872 Penalty under the Tamil Nadu General Sales Tax Act was not sustainable where the assessing authority rejected the returns and accounts and completed the assessment on best judgment basis. The governing principle applied was that section 12(5) does not justify penalty merely because the returns were filed late or were defective when the assessment is not made on the returned figures under section 12(4). The court therefore upheld cancellation of the penalty in favour of the assessee. en-us Tue, 24 Jan 1995 00:00:00 +0530 Fri, 08 Nov 2013 17:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158872 Penalty under the Tamil Nadu General Sales Tax Act was not sustainable where the assessing authority rejected the returns and accounts and completed the assessment on best judgment basis. The governing principle applied was that section 12(5) does not justify penalty merely because the returns were filed late or were defective when the assessment is not made on the returned figures under section 12(4). The court therefore upheld cancellation of the penalty in favour of the assessee. Case-Laws VAT and Sales Tax Tue, 24 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158872