https://www.taxtmi.com/caselaws?id=247683 The High Court upheld the Tribunal's decision in a case involving the deletion of a penalty under Section 12(3)(b) of the Tamil Nadu General Sales Tax Act. The Court ruled in favor of the dealer, emphasizing the necessity of turnover off the books to justify a best judgment assessment and penalty imposition. It was held that penalty imposition is warranted only in cases of best judgment assessment, dismissing the Tax Case Revision due to the absence of turnover suppression beyond specific additions. en-us Thu, 21 Jul 2011 00:00:00 +0530 Sat, 04 Oct 2014 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247683 The High Court upheld the Tribunal's decision in a case involving the deletion of a penalty under Section 12(3)(b) of the Tamil Nadu General Sales Tax Act. The Court ruled in favor of the dealer, emphasizing the necessity of turnover off the books to justify a best judgment assessment and penalty imposition. It was held that penalty imposition is warranted only in cases of best judgment assessment, dismissing the Tax Case Revision due to the absence of turnover suppression beyond specific additions. Case-Laws VAT and Sales Tax Thu, 21 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247683