https://www.taxtmi.com/caselaws?id=36443 Penalty for concealment must be confined to the income actually proved to have been concealed, not the full addition sustained in assessment. Because only part of the suppressed sales was established and the balance of the income addition was based on estimate, the entire enhanced income could not be treated as concealed income for penalty purposes. The penalty was therefore sustainable only to the extent of the concealment actually proved. en-us Thu, 17 Aug 1978 00:00:00 +0530 Mon, 22 Mar 2010 13:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36443 Penalty for concealment must be confined to the income actually proved to have been concealed, not the full addition sustained in assessment. Because only part of the suppressed sales was established and the balance of the income addition was based on estimate, the entire enhanced income could not be treated as concealed income for penalty purposes. The penalty was therefore sustainable only to the extent of the concealment actually proved. Case-Laws Income Tax Thu, 17 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36443