https://www.taxtmi.com/caselaws?id=795160 Post-inspection revised returns do not by themselves cure earlier failures to maintain true and complete accounts where excess stock remains unreconciled. The notes explain that a disclosure made after detection, particularly when incomplete, may support assessment for purchase suppression, consequential sales suppression and estimated additions. Subsequent tax payment may mitigate the extent of an estimated addition, but does not establish that the earlier non-disclosure was bona fide. Unreconciled stock discrepancies and incomplete disclosure can also support penalty for suppressed turnover under the Tamil Nadu General Sales Tax Act, 1959, where the dealer cannot justify the omission in a best-judgment assessment. en-us Tue, 14 Jul 2026 00:00:00 +0530 Sat, 18 Jul 2026 08:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795160 Post-inspection revised returns do not by themselves cure earlier failures to maintain true and complete accounts where excess stock remains unreconciled. The notes explain that a disclosure made after detection, particularly when incomplete, may support assessment for purchase suppression, consequential sales suppression and estimated additions. Subsequent tax payment may mitigate the extent of an estimated addition, but does not establish that the earlier non-disclosure was bona fide. Unreconciled stock discrepancies and incomplete disclosure can also support penalty for suppressed turnover under the Tamil Nadu General Sales Tax Act, 1959, where the dealer cannot justify the omission in a best-judgment assessment. Case-Laws VAT / Sales Tax Tue, 14 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795160