https://www.taxtmi.com/caselaws?id=158065 Penalty under section 16(1)(e) requires concealment of particulars or deliberate furnishing of inaccurate particulars; a mere assessment on a different figure is not enough. Where the relevant transactions were recorded in the books of account and the omission in the return arose from a bona fide dispute on interpretation of the charging provision or taxability, deliberate concealment is not established unless there is additional evidence of intent to evade tax. On the Tribunal's findings, the entries were disclosed, the omission was bona fide, and the penalty was not justified. en-us Tue, 26 Nov 1991 00:00:00 +0530 Tue, 15 Oct 2013 18:13:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158065 Penalty under section 16(1)(e) requires concealment of particulars or deliberate furnishing of inaccurate particulars; a mere assessment on a different figure is not enough. Where the relevant transactions were recorded in the books of account and the omission in the return arose from a bona fide dispute on interpretation of the charging provision or taxability, deliberate concealment is not established unless there is additional evidence of intent to evade tax. On the Tribunal's findings, the entries were disclosed, the omission was bona fide, and the penalty was not justified. Case-Laws VAT and Sales Tax Tue, 26 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158065