https://www.taxtmi.com/caselaws?id=337047 A voluntary admission of undisclosed stock recorded in contemporaneous survey documents, signed by the assessee and supported by the trading account, could not later be displaced by a belated allegation of coercion or Rule 50 violation made only at the appellate stage. Because no prompt complaint of pressure was made to superior authorities and the original record supported acceptance of the stock position and penalty, the Tax Board's view that signatures were absent was not sustained. The High Court restored the orders upholding the penalty and held that the penalty had been rightly levied. en-us Fri, 16 Dec 2016 00:00:00 +0530 Tue, 03 Jan 2017 10:05:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337047 A voluntary admission of undisclosed stock recorded in contemporaneous survey documents, signed by the assessee and supported by the trading account, could not later be displaced by a belated allegation of coercion or Rule 50 violation made only at the appellate stage. Because no prompt complaint of pressure was made to superior authorities and the original record supported acceptance of the stock position and penalty, the Tax Board's view that signatures were absent was not sustained. The High Court restored the orders upholding the penalty and held that the penalty had been rightly levied. Case-Laws VAT and Sales Tax Fri, 16 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337047