https://www.taxtmi.com/caselaws?id=360154 Penalty under Section 12(3)(b) of the Tamil Nadu General Sales Tax Act was held unsustainable where the turnover was estimated from the assessee's books and stock variation, without evidence of specific off-book sales or incriminating material. The governing principle applied was that penalty for an incorrect or incomplete return requires material showing real suppression or wilful non-disclosure, not a mere addition based on estimation or stock discrepancy. On that basis, the Tribunal's deletion of penalty was upheld while the assessed turnover as modified remained undisturbed. en-us Wed, 28 Mar 2018 00:00:00 +0530 Fri, 11 May 2018 06:53:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360154 Penalty under Section 12(3)(b) of the Tamil Nadu General Sales Tax Act was held unsustainable where the turnover was estimated from the assessee's books and stock variation, without evidence of specific off-book sales or incriminating material. The governing principle applied was that penalty for an incorrect or incomplete return requires material showing real suppression or wilful non-disclosure, not a mere addition based on estimation or stock discrepancy. On that basis, the Tribunal's deletion of penalty was upheld while the assessed turnover as modified remained undisturbed. Case-Laws VAT and Sales Tax Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360154