https://www.taxtmi.com/caselaws?id=266571 Penalty was sustained where concessional tax was claimed on the basis of non-genuine C Forms and the assessee failed to prove their genuineness. The authorities found that no books of account or other supporting material were produced to establish the bona fides of the claim, and the assessee offered no satisfactory explanation to rebut the finding of incorrect documents being used to evade tax. The challenge to the penalty therefore failed, and appellate interference was declined. en-us Tue, 11 Aug 2015 00:00:00 +0530 Fri, 10 Jun 2016 17:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266571 Penalty was sustained where concessional tax was claimed on the basis of non-genuine C Forms and the assessee failed to prove their genuineness. The authorities found that no books of account or other supporting material were produced to establish the bona fides of the claim, and the assessee offered no satisfactory explanation to rebut the finding of incorrect documents being used to evade tax. The challenge to the penalty therefore failed, and appellate interference was declined. Case-Laws VAT and Sales Tax Tue, 11 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266571