https://www.taxtmi.com/caselaws?id=268415 Penalty under Section 16(2) of the Tamil Nadu General Sales Tax Act was unsustainable where the disputed turnover was taken from the assessee's own books and there was no finding of deliberate suppression or intent to evade tax. When the assessing authority merely brings to assessment items already reflected in the dealer's records, the matter does not assume the character of a best judgment assessment for penalty purposes. The absence of material showing lack of bona fides or attempted evasion was decisive, and the penalty was set aside. en-us Wed, 18 Nov 2015 00:00:00 +0530 Thu, 26 Nov 2015 06:48:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268415 Penalty under Section 16(2) of the Tamil Nadu General Sales Tax Act was unsustainable where the disputed turnover was taken from the assessee's own books and there was no finding of deliberate suppression or intent to evade tax. When the assessing authority merely brings to assessment items already reflected in the dealer's records, the matter does not assume the character of a best judgment assessment for penalty purposes. The absence of material showing lack of bona fides or attempted evasion was decisive, and the penalty was set aside. Case-Laws VAT and Sales Tax Wed, 18 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268415