https://www.taxtmi.com/caselaws?id=9330 Findings from assessment proceedings can sustain a penalty under section 28(1)(c) only if they survive appellate scrutiny and remain relevant to concealment or furnishing inaccurate particulars. Where the quantum appeal disapproved or treated as irrelevant the findings that books were cooked up, stock and production registers were suppressed, or expenses were inflated, those findings could not be used as the sole foundation for penalty. The Tribunal therefore was not justified in restoring the penalty order. en-us Mon, 25 Mar 1974 00:00:00 +0530 Mon, 22 Jun 2009 10:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9330 Findings from assessment proceedings can sustain a penalty under section 28(1)(c) only if they survive appellate scrutiny and remain relevant to concealment or furnishing inaccurate particulars. Where the quantum appeal disapproved or treated as irrelevant the findings that books were cooked up, stock and production registers were suppressed, or expenses were inflated, those findings could not be used as the sole foundation for penalty. The Tribunal therefore was not justified in restoring the penalty order. Case-Laws Income Tax Mon, 25 Mar 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9330