https://www.taxtmi.com/caselaws?id=62641 Penalty for furnishing a false or inaccurate return was upheld because the dealer omitted branch sales from the returns despite those receipts being taxable and tax having been collected on them. The omission was treated as concealment rather than a bona fide dispute on taxability, since the relevant facts were not disclosed in the return. The distinction drawn was that a mere legal disagreement may not justify penalty where full disclosure is made, but that protection was unavailable here because the sales were excluded altogether. The penal provision therefore applied. en-us Fri, 17 Sep 1976 00:00:00 +0530 Thu, 20 Jan 2011 18:50:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62641 Penalty for furnishing a false or inaccurate return was upheld because the dealer omitted branch sales from the returns despite those receipts being taxable and tax having been collected on them. The omission was treated as concealment rather than a bona fide dispute on taxability, since the relevant facts were not disclosed in the return. The distinction drawn was that a mere legal disagreement may not justify penalty where full disclosure is made, but that protection was unavailable here because the sales were excluded altogether. The penal provision therefore applied. Case-Laws Income Tax Fri, 17 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62641