https://www.taxtmi.com/caselaws?id=359108 Penalty under the Tamil Nadu General Sales Tax Act was held unsustainable where the disputed turnover was reflected in the books of accounts and verified by the assessing authority. The governing principle applied was that penalty requires proof of wilful non-disclosure or deliberate suppression of assessable turnover; an incorrect or incomplete return alone does not justify penalty. As the record did not establish conscious concealment or deliberate default, the levy was set aside in substance and the assessee succeeded. en-us Wed, 28 Mar 2018 00:00:00 +0530 Wed, 25 Apr 2018 05:58:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359108 Penalty under the Tamil Nadu General Sales Tax Act was held unsustainable where the disputed turnover was reflected in the books of accounts and verified by the assessing authority. The governing principle applied was that penalty requires proof of wilful non-disclosure or deliberate suppression of assessable turnover; an incorrect or incomplete return alone does not justify penalty. As the record did not establish conscious concealment or deliberate default, the levy was set aside in substance and the assessee succeeded. Case-Laws VAT and Sales Tax Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359108