1967 (2) TMI 92

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....ment can issue an erratum for collecting a penalty of Rs. 1,050 under the following circumstances. Originally there was a best judgment assessment made on the petitioner-company on 11th November, 1963. There was also a proposal to levy a penalty of Rs. 1,050 and a demand notice for the same was served on the petitioner. Both the original assessment order and the notice proposing levy of penalty we....

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....tion 12 of the Madras General Sales Tax Act, 1959, depends on and follows a finding as to the incompleteness or incorrectness of the return submitted, and forms part of the proceedings resulting in best judgment assessment. The assessment proceeding based on best judgment under sub-section (2) is a quasijudicial proceeding, and so too the levy of penalty under sub-section (3), and what is contempl....