2001 (1) TMI 929

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..... of Fenny and it was alleged that a suppression was detected during the assessment year July 1, 1986 to June 30, 1987. The date of detection is material because it was on December 13, 1986 that the intelligence authority notice that the value of the suppression amounted to Rs. 1,26,300. The assessing authority has added on an equivalent amount and proceeded on the basis that it would be rational .....

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..... that in cases of tax evasion that the courts must adopt a stringent approach in so far as the percentage of detection is relatively low and it is very necessary that deterrent action must follow in those of the cases which it deserves. 2.. We have applied our mind to the contention that has been raised and we do share the view that in cases where the suppression comes to light, it would be perf .....

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