https://www.taxtmi.com/caselaws?id=393590 Penalty under Section 12(3)(b) of the Tamil Nadu General Sales Tax Act was held to require an incorrect or incomplete return and an assessment made on best judgment after rejection of the return and accounts. Additions arising from disputed or debatable issues, including treatment of sales and cash incentives, did not by themselves satisfy that standard. The later inserted Explanation to Section 12(3) was held inapplicable to the assessment year in question. On those facts, the penalty was not justified and the impugned penalty order could not be sustained. en-us Tue, 10 Mar 2020 00:00:00 +0530 Fri, 26 Feb 2021 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393590 Penalty under Section 12(3)(b) of the Tamil Nadu General Sales Tax Act was held to require an incorrect or incomplete return and an assessment made on best judgment after rejection of the return and accounts. Additions arising from disputed or debatable issues, including treatment of sales and cash incentives, did not by themselves satisfy that standard. The later inserted Explanation to Section 12(3) was held inapplicable to the assessment year in question. On those facts, the penalty was not justified and the impugned penalty order could not be sustained. Case-Laws VAT and Sales Tax Tue, 10 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393590