https://www.taxtmi.com/caselaws?id=152824 Penalty under section 15-A(1)(b) cannot rest solely on a finding recorded in assessment proceedings. Penalty proceedings are independent, and the department must prove the ingredients for penalty with independent evidence or surrounding circumstances showing conscious concealment or deliberate furnishing of inaccurate particulars. An assessment order that disbelieves accounts, or an assessee's failure to produce seized material before the revisional authority, is not by itself conclusive proof of concealment. The assessment finding may be relevant, but it must be supported by other material before penalty can be sustained. en-us Mon, 23 Jul 1979 00:00:00 +0530 Thu, 11 Jul 2013 15:45:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152824 Penalty under section 15-A(1)(b) cannot rest solely on a finding recorded in assessment proceedings. Penalty proceedings are independent, and the department must prove the ingredients for penalty with independent evidence or surrounding circumstances showing conscious concealment or deliberate furnishing of inaccurate particulars. An assessment order that disbelieves accounts, or an assessee's failure to produce seized material before the revisional authority, is not by itself conclusive proof of concealment. The assessment finding may be relevant, but it must be supported by other material before penalty can be sustained. Case-Laws VAT and Sales Tax Mon, 23 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152824