https://www.taxtmi.com/caselaws?id=168067 Penalty under the Tamil Nadu General Sales Tax Act was held unsustainable because the assessments were made on the assessee's books of account and not on a best judgment estimate, which was the basis required for such levy. The exemption claim under the Central Sales Tax Act for packing materials used in export was also upheld because the appellate authorities found, on facts, that the exporter acted as the buyer's agent under the contractual arrangement. In the absence of perversity, that factual finding was not disturbed. The assessee's position was therefore maintained on both issues. en-us Thu, 12 Jan 2012 00:00:00 +0530 Thu, 01 Jan 2015 22:09:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168067 Penalty under the Tamil Nadu General Sales Tax Act was held unsustainable because the assessments were made on the assessee's books of account and not on a best judgment estimate, which was the basis required for such levy. The exemption claim under the Central Sales Tax Act for packing materials used in export was also upheld because the appellate authorities found, on facts, that the exporter acted as the buyer's agent under the contractual arrangement. In the absence of perversity, that factual finding was not disturbed. The assessee's position was therefore maintained on both issues. Case-Laws VAT and Sales Tax Thu, 12 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168067