https://www.taxtmi.com/caselaws?id=159734 Penalty for concealment of turnover was held unsustainable where the dealer filed returns on a 16th-to-15th accounting cycle and later disclosed the turnover in its returns. The account books were accepted, all particulars were placed before the assessing authority, and tax was levied on the full turnover. The discrepancy arose from the method of preparing returns on a period different from the calendar month, not from deliberate suppression. In the absence of a factual basis to infer concealment, penalty under section 15-A(1)(c) could not be justified and was set aside. en-us Fri, 15 Jul 1988 00:00:00 +0530 Sat, 30 Nov 2013 14:35:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159734 Penalty for concealment of turnover was held unsustainable where the dealer filed returns on a 16th-to-15th accounting cycle and later disclosed the turnover in its returns. The account books were accepted, all particulars were placed before the assessing authority, and tax was levied on the full turnover. The discrepancy arose from the method of preparing returns on a period different from the calendar month, not from deliberate suppression. In the absence of a factual basis to infer concealment, penalty under section 15-A(1)(c) could not be justified and was set aside. Case-Laws VAT and Sales Tax Fri, 15 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159734