https://www.taxtmi.com/caselaws?id=163912 Penalty for concealment of turnover under section 15A(1)(c) of the U.P. Trade Tax Act was held unsustainable where the turnover increase rested only on rejection of the dealer's explanation about survey stock and notebook entries. Mere enhancement of turnover does not, by itself, prove deliberate suppression or concealment; specific independent material is required to justify penalty. Because no such material was shown and the adverse inference was drawn only from the rejected explanation, the penalty was deleted and the revision failed. en-us Wed, 19 Sep 2007 00:00:00 +0530 Thu, 25 Dec 2014 22:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163912 Penalty for concealment of turnover under section 15A(1)(c) of the U.P. Trade Tax Act was held unsustainable where the turnover increase rested only on rejection of the dealer's explanation about survey stock and notebook entries. Mere enhancement of turnover does not, by itself, prove deliberate suppression or concealment; specific independent material is required to justify penalty. Because no such material was shown and the adverse inference was drawn only from the rejected explanation, the penalty was deleted and the revision failed. Case-Laws VAT and Sales Tax Wed, 19 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163912