The High Court of Madras held that the Assessing Officer cannot pass the best judgment assessment on the ground of best judgment assessment and the penalty under Section 12(3) of the Tamil Nadu General Sales Tax (TNGST) Act, 1959. The assessee, Mr. K.A.Parthasarathi was engaged in the export and received the cash incentives from the […]
The post Best Judgment Assessment and Penalty u/s 12(3) of TNGST Act can’t be passed on ground of Debatable Issues: Madras HC [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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