https://www.taxtmi.com/caselaws?id=158596 Penalty under section 10(7) of the Punjab General Sales Tax Act remained sustainable because the dealer had concealed purchases, failed to produce account books despite opportunities, and furnished incorrect returns. The assessment order was set aside only on limitation, not on merits, so the underlying findings of concealment were unaffected. On that basis, the penalty proceedings were treated as independent of the assessment proceedings and were not nullified by the technical reversal of assessment. The writ petition therefore failed, as setting aside the assessment on limitation did not extinguish the statutory liability to penalty for false disclosure and concealment. en-us Thu, 05 Dec 1996 00:00:00 +0530 Fri, 01 Nov 2013 13:12:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158596 Penalty under section 10(7) of the Punjab General Sales Tax Act remained sustainable because the dealer had concealed purchases, failed to produce account books despite opportunities, and furnished incorrect returns. The assessment order was set aside only on limitation, not on merits, so the underlying findings of concealment were unaffected. On that basis, the penalty proceedings were treated as independent of the assessment proceedings and were not nullified by the technical reversal of assessment. The writ petition therefore failed, as setting aside the assessment on limitation did not extinguish the statutory liability to penalty for false disclosure and concealment. Case-Laws VAT and Sales Tax Thu, 05 Dec 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158596