https://www.taxtmi.com/caselaws?id=164682 The Madras HC upheld deletion of an equal addition for alleged suppression of exhibition sales because the assessee had obtained temporary registration, later brought the entire exhibition turnover into the books, and offered it to tax. The delay in recording exact figures was plausibly explained by seizure of cash books and bill books during inspection, and there was no material showing an intention to conceal turnover. On that basis, the consequential penalty could not survive, as penal treatment was unwarranted once full disclosure of the turnover had been made. en-us Wed, 01 Apr 2009 00:00:00 +0530 Wed, 12 Nov 2014 12:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164682 The Madras HC upheld deletion of an equal addition for alleged suppression of exhibition sales because the assessee had obtained temporary registration, later brought the entire exhibition turnover into the books, and offered it to tax. The delay in recording exact figures was plausibly explained by seizure of cash books and bill books during inspection, and there was no material showing an intention to conceal turnover. On that basis, the consequential penalty could not survive, as penal treatment was unwarranted once full disclosure of the turnover had been made. Case-Laws VAT and Sales Tax Wed, 01 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164682