https://www.taxtmi.com/caselaws?id=159386 A concealment penalty under Section 36(2)(c) read with Explanation (1) could not be sustained where the assessee had disclosed returns and turnover but merely delayed payment of admitted tax. The provision targets concealment or furnishing inaccurate particulars, while delayed payment is separately dealt with under Section 36(3) with different ingredients and penalty scale; the same reasoning also defeated the corresponding penalty under the Central Sales Tax Act through Section 9(2A), so the penalty was held unsustainable and the reference was answered for the assessee. en-us Thu, 14 Aug 1997 00:00:00 +0530 Fri, 22 Nov 2013 18:21:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159386 A concealment penalty under Section 36(2)(c) read with Explanation (1) could not be sustained where the assessee had disclosed returns and turnover but merely delayed payment of admitted tax. The provision targets concealment or furnishing inaccurate particulars, while delayed payment is separately dealt with under Section 36(3) with different ingredients and penalty scale; the same reasoning also defeated the corresponding penalty under the Central Sales Tax Act through Section 9(2A), so the penalty was held unsustainable and the reference was answered for the assessee. Case-Laws VAT and Sales Tax Thu, 14 Aug 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159386