https://www.taxtmi.com/caselaws?id=9686 The Tribunal upheld the penalty of Rs. 30,000 under section 271(1)(c) of the Income-tax Act, 1961, finding the assessee had concealed income through suppressed sales proven by seized kachcha bills. The estimation of suppressed sales at Rs. 44,106 was deemed valid, supported by Sales Tax Department findings. The Tribunal considered these findings relevant, justifying the penalty without invoking section 145. The burden of proof regarding missing kachcha bills was not met by the assessee, leading to the confirmation of the penalty in favor of the Revenue. en-us Wed, 18 Jan 2006 00:00:00 +0530 Mon, 29 Jun 2009 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9686 The Tribunal upheld the penalty of Rs. 30,000 under section 271(1)(c) of the Income-tax Act, 1961, finding the assessee had concealed income through suppressed sales proven by seized kachcha bills. The estimation of suppressed sales at Rs. 44,106 was deemed valid, supported by Sales Tax Department findings. The Tribunal considered these findings relevant, justifying the penalty without invoking section 145. The burden of proof regarding missing kachcha bills was not met by the assessee, leading to the confirmation of the penalty in favor of the Revenue. Case-Laws Income Tax Wed, 18 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9686