Voluntary disclosure not releases assessee from mischief of penalty proceedings

Appellate Assistant Commissioner (CT) Vs Harish Agencies (Madras High Court) 1. There cannot be any concession merely because the dealer has paid the tax in installments after issuance of pre-assessment notices and no sympathy can be exercised on the said ground. 2. The Hon’ble Supreme Court pointed out that the Assessing Officer shall not be carried away by the plea of the assessee like ‘voluntary disclosure’, ‘buy peace’, ‘avoid litigation’, ‘amicable settlement’, etc., to explain away its conduct and the question is whether the assessee ...