https://www.taxtmi.com/caselaws?id=359186 Penalty under Section 12(3)(b) of the Tamil Nadu General Sales Tax Act is attracted only where the assessment under Section 12(2) on a best judgment basis is supported by material showing suppression or concealment. Where the turnover is disclosed in the assessee's books and no clandestine omission is proved, an incorrect or incomplete return by itself does not justify penalty. The estimate made by the authorities was insufficient on its own to sustain the penal levy, and deletion of the penalty was justified. en-us Wed, 14 Mar 2018 00:00:00 +0530 Thu, 26 Apr 2018 09:27:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359186 Penalty under Section 12(3)(b) of the Tamil Nadu General Sales Tax Act is attracted only where the assessment under Section 12(2) on a best judgment basis is supported by material showing suppression or concealment. Where the turnover is disclosed in the assessee's books and no clandestine omission is proved, an incorrect or incomplete return by itself does not justify penalty. The estimate made by the authorities was insufficient on its own to sustain the penal levy, and deletion of the penalty was justified. Case-Laws VAT and Sales Tax Wed, 14 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359186