https://www.taxtmi.com/caselaws?id=314035 In penalty proceedings following reassessment, simultaneity requires only close proximity between the reassessment order and the penalty order; it does not require both orders to be made on the same date. On the facts, the penalty orders were passed soon after reassessment and were therefore not invalid on that ground. The finding that the assessee wilfully put wrong totals in the accounts, causing suppression of turnover and reduced disclosure to avoid tax, provided a valid basis for penalty. The Tribunal's view that such conduct justified levy of penalty was upheld, and the penalty remained undisturbed. en-us Tue, 28 Jun 1994 00:00:00 +0530 Tue, 14 May 2024 14:46:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314035 In penalty proceedings following reassessment, simultaneity requires only close proximity between the reassessment order and the penalty order; it does not require both orders to be made on the same date. On the facts, the penalty orders were passed soon after reassessment and were therefore not invalid on that ground. The finding that the assessee wilfully put wrong totals in the accounts, causing suppression of turnover and reduced disclosure to avoid tax, provided a valid basis for penalty. The Tribunal's view that such conduct justified levy of penalty was upheld, and the penalty remained undisturbed. Case-Laws Indian Laws Tue, 28 Jun 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314035