https://www.taxtmi.com/caselaws?id=38467 Section 273 permits a notice where, during assessment proceedings, the Income-tax Officer has prima facie material to believe that an advance-tax estimate was untrue. The satisfaction required at the notice stage is tentative and does not amount to a final finding of concealment or guilt. On the stated facts, the disputed receipts had been treated as revenue receipts by the appellate authority and by the assessee's auditors, which provided sufficient material to justify an enquiry into whether the omitted receipts were wrongly excluded from the estimate. The notice was therefore upheld. en-us Tue, 09 Mar 1976 00:00:00 +0530 Tue, 06 Apr 2010 13:37:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38467 Section 273 permits a notice where, during assessment proceedings, the Income-tax Officer has prima facie material to believe that an advance-tax estimate was untrue. The satisfaction required at the notice stage is tentative and does not amount to a final finding of concealment or guilt. On the stated facts, the disputed receipts had been treated as revenue receipts by the appellate authority and by the assessee's auditors, which provided sufficient material to justify an enquiry into whether the omitted receipts were wrongly excluded from the estimate. The notice was therefore upheld. Case-Laws Income Tax Tue, 09 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38467