https://www.taxtmi.com/caselaws?id=83496 Withholding factory-gate sale-price particulars and revised price-list details, despite repeated departmental calls, was treated as attracting penal liability where the non-disclosure contributed to short levy, even though the assessee disputed the valuation method. The Tribunal held that approval of the price list did not justify withholding material data needed for assessment. On quantum, it considered the unsettled state of valuation law, conflicting approaches at the time, and the limited extent of actual evasion, and reduced the penalty substantially. en-us Tue, 15 Mar 1994 00:00:00 +0530 Wed, 13 Jul 2011 17:47:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=83496 Withholding factory-gate sale-price particulars and revised price-list details, despite repeated departmental calls, was treated as attracting penal liability where the non-disclosure contributed to short levy, even though the assessee disputed the valuation method. The Tribunal held that approval of the price list did not justify withholding material data needed for assessment. On quantum, it considered the unsettled state of valuation law, conflicting approaches at the time, and the limited extent of actual evasion, and reduced the penalty substantially. Case-Laws Central Excise Tue, 15 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=83496