https://www.taxtmi.com/caselaws?id=163786 Penalty under section 12(3)(b) of the Tamil Nadu General Sales Tax Act, 1959 is confined to best judgment assessments under section 12(2). Where the assessment is made on the basis of the assessee's accounts alone, without any estimate or other material leading to a best judgment assessment, the penal provision does not apply and the assessment is treated as one under section 12(1). The governing reading of section 12(2) and 12(3) requires both provisions to operate together, so penalty cannot be sustained merely because an assessment is completed on accepted account books. en-us Fri, 12 Sep 2008 00:00:00 +0530 Wed, 09 Apr 2014 15:16:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163786 Penalty under section 12(3)(b) of the Tamil Nadu General Sales Tax Act, 1959 is confined to best judgment assessments under section 12(2). Where the assessment is made on the basis of the assessee's accounts alone, without any estimate or other material leading to a best judgment assessment, the penal provision does not apply and the assessment is treated as one under section 12(1). The governing reading of section 12(2) and 12(3) requires both provisions to operate together, so penalty cannot be sustained merely because an assessment is completed on accepted account books. Case-Laws VAT and Sales Tax Fri, 12 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163786