https://www.taxtmi.com/caselaws?id=247683 Penalty under the Tamil Nadu General Sales Tax Act was held unsustainable where the assessment was not based on suppressed turnover or undisclosed sales, but only on additions to gross profit and freight. The Court treated penalty under Section 12(3)(b) as dependent on a true best judgment assessment, and found that the assessment records did not show the kind of rejection of books needed to attract the provision. On that basis, deletion of the penalty was upheld and the revision was found to lack merit. 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 Penalty under the Tamil Nadu General Sales Tax Act was held unsustainable where the assessment was not based on suppressed turnover or undisclosed sales, but only on additions to gross profit and freight. The Court treated penalty under Section 12(3)(b) as dependent on a true best judgment assessment, and found that the assessment records did not show the kind of rejection of books needed to attract the provision. On that basis, deletion of the penalty was upheld and the revision was found to lack merit. Case-Laws VAT and Sales Tax Thu, 21 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247683