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2019 (7) TMI 647 - HC - VAT and Sales TaxAddition to sales turnover - difference in the value of stock transfer noted in the Form-F declarations, when compared with the books of accounts - failure to account the entire value of goods received on stock transfer, when compared with the value reflected in 'Form- F' declarations - HELD THAT:- There occurred a failure on the part of the revision petitioner /assessee to reconcile the difference detected in accounted value of the goods received under stock transfer, by producing any proper documents in proof of the same, either before the Assessing Authority or before the first Appellate Authority. However, we take note of the fact that, the authorities have not considered the question whether there occurred any suppression in the sale turnover with respect to the quantity of goods received under stock transfer, with respect to which the difference was detected. The evasion or escapement of tax can be attributed only if there is any specific allegation that there occurred a suppression in disclosing the sales turnover, because the taxable event at the hands of the assessee is the point of sale. Matter remanded for fresh consideration.
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