Madras HC confirms 150% Penalty imposed u/s 16(2)(d) of TNGST Act for Sales/Purchase Suppression Despite Deleting Speculative Additions

The Madras High Court upheld a 150% penalty under Section 16(2)(d) of the Tamil Nadu GST Act for sales and purchase suppression but deleted speculative additions made by the tax authorities. The court's ruling supports strict penalties for actual violations while protecting taxpayers from speculative assessments. It reaffirms the need for tax authorities to base their additions on concrete evidence.