suppression for the full financial year, excluding the actual suppression noticed, in our view, a multiple of 6 would be reasonable. On the suppressed turnover ... Actual suppression
detected
Rs.34,36,213
Add: Suppression for the
remaining Period (6x34,36,213)
Rs.2,06,17,278
Total Suppressed
Turnover
service of pre
assessment notice by the Presiding Officer for
suppressed turnover did not file any objections but
chose to remit the arrived tax liability ... assessee
herein prefers to admit the assessment amount
arrived based on suppressed turnover, he cannot
escape the penalty which is a penal provisions
incorporated
almost equivalent to the alleged tax found due on the suppressed turnover. The department officials also collect the cash if available on the spot ... dealers only to give statements, accepting the alleged irregularities or suppressed turnover and collecting the tax on the alleged suppressed turnover as well as compounding
suppressed turnover, to the total of the
turnover declared by the petitioner and the suppressed turnover
detected by the Intelligence officer ... adopted a lower turnover for the purposes of the assessment. No
doubt, there were additions made to the turnover reported,
towards suppressed turnover
suppressed turnover, to the total of the
turnover declared by the petitioner and the suppressed turnover
detected by the Intelligence officer ... adopted a lower turnover for the purposes of the assessment. No
doubt, there were additions made to the turnover reported,
towards suppressed turnover
suppression PC-1122) read with PC-I(2) pertaining to
the period 8.11.2002 to 17th December, 2002, wherein
suppression of bar turnover was indicated ... about the suppression in
liquor turnover and was silent about the restaurant turnover.
He, however, did state that the suppression was from Dec
2006 onwards
value of seized material and
estimation of profit on turnover including disclosed turnover
and undisclosed turnover on the basis of statement
recorded from the employees ... 2025.
suppressed profit of Rs.58.26 crores. The assessee had also
apportioned suppressed/unaccounted turnover among
group entities for relevant assessment years and also
value of seized material and
estimation of profit on turnover including disclosed turnover
and undisclosed turnover on the basis of statement
recorded from the employees ... 2025.
suppressed profit of Rs.58.26 crores. The assessee had also
apportioned suppressed/unaccounted turnover among
group entities for relevant assessment years and also
value of seized material and
estimation of profit on turnover including disclosed turnover
and undisclosed turnover on the basis of statement
recorded from the employees ... 2025.
suppressed profit of Rs.58.26 crores. The assessee had also
apportioned suppressed/unaccounted turnover among
group entities for relevant assessment years and also
value of seized material and
estimation of profit on turnover including disclosed turnover
and undisclosed turnover on the basis of statement
recorded from the employees ... 2025.
suppressed profit of Rs.58.26 crores. The assessee had also
apportioned suppressed/unaccounted turnover among
group entities for relevant assessment years and also
