https://www.taxtmi.com/caselaws?id=163275 The court set aside the penalty imposed under section 12(3)(b) of the Tamil Nadu General Sales Tax Act, 1959, in a case involving a dispute over tax assessment for cast iron rough castings. The petitioner's challenge to the penalty was successful as the court ruled that the assessing officer's actions did not constitute a best judgment assessment, leading to the unjustified penalty imposition. The judgment extensively relied on legal precedents to establish that penalties can only be levied in cases of assessments made on estimates, not solely based on accounts provided by the assessee. en-us Fri, 26 Oct 2007 00:00:00 +0530 Sat, 20 Dec 2014 13:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163275 The court set aside the penalty imposed under section 12(3)(b) of the Tamil Nadu General Sales Tax Act, 1959, in a case involving a dispute over tax assessment for cast iron rough castings. The petitioner's challenge to the penalty was successful as the court ruled that the assessing officer's actions did not constitute a best judgment assessment, leading to the unjustified penalty imposition. The judgment extensively relied on legal precedents to establish that penalties can only be levied in cases of assessments made on estimates, not solely based on accounts provided by the assessee. Case-Laws VAT and Sales Tax Fri, 26 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163275