Appellant Penalized for Concealing Documents u/ss 76 & 78 of Finance Act; Penalty Confirmed for Suppressing Facts.

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....Penalty u/s 76 and 78 of FA - the act of appellant of concealing relevant documents despite being afforded with the opportunity is definitely a positive act on his part to prove the alleged suppression of facts. Admittedly, ST-3 returns were also silent about the receipt of impugned income - penalty confirmed.....