https://www.taxtmi.com/caselaws?id=405746 Cross-verification of HPCL records showed that the dealer's returns did not disclose the full turnover for the relevant year, and the dealer offered no convincing explanation to rebut suppression. Payment of tax in instalments after notice did not cure the default or displace the inference of willful suppression, so the Tribunal's contrary view was unsustainable. However, because the statutory scheme allowed penalty only up to a prescribed ceiling, the assessing authority could still examine whether bona fide reasons existed for the short disclosure and determine the appropriate extent of penalty. The finding of no willful suppression was set aside and the penalty question was remitted for fresh consideration. en-us Mon, 01 Mar 2021 00:00:00 +0530 Mon, 28 Oct 2024 16:24:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405746 Cross-verification of HPCL records showed that the dealer's returns did not disclose the full turnover for the relevant year, and the dealer offered no convincing explanation to rebut suppression. Payment of tax in instalments after notice did not cure the default or displace the inference of willful suppression, so the Tribunal's contrary view was unsustainable. However, because the statutory scheme allowed penalty only up to a prescribed ceiling, the assessing authority could still examine whether bona fide reasons existed for the short disclosure and determine the appropriate extent of penalty. The finding of no willful suppression was set aside and the penalty question was remitted for fresh consideration. Case-Laws VAT / Sales Tax Mon, 01 Mar 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405746