https://www.taxtmi.com/caselaws?id=166553 Penalty under section 12(3)(b) of the Tamil Nadu General Sales Tax Act was sustained because the dealer's return was found incorrect and incomplete, with turnover not fully disclosed. The assessment rejected the return figures, relied on the books and surrounding material, and adopted a formula-based best judgment estimate after inspection findings. On those facts, the levy of penalty was held justified since the character of the assessment flowed from the filing of an incomplete return rather than a mere difference in estimation. The revision failed and the penalty order remained undisturbed. en-us Wed, 20 Apr 2011 00:00:00 +0530 Sat, 04 Oct 2014 17:42:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166553 Penalty under section 12(3)(b) of the Tamil Nadu General Sales Tax Act was sustained because the dealer's return was found incorrect and incomplete, with turnover not fully disclosed. The assessment rejected the return figures, relied on the books and surrounding material, and adopted a formula-based best judgment estimate after inspection findings. On those facts, the levy of penalty was held justified since the character of the assessment flowed from the filing of an incomplete return rather than a mere difference in estimation. The revision failed and the penalty order remained undisturbed. Case-Laws VAT and Sales Tax Wed, 20 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166553