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2016 (3) TMI 668 - CESTAT CHENNAI

2016 (3) TMI 668 - CESTAT CHENNAI - TMI - Loss to revenue - difference between the stock figure in the Balance Sheet as on 31.03.2009 and ER-1 returns of that date - Held that:- The appellate authority has not at all examined as to whether there was really a discrepancy under the accounting system. He has also not looked into whether there was any unaccounted removal of goods of aforesaid value done to cause loss to Revenue.

ER-1 returns disclosed the stock position. But that was reco .....

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da, Member (J) For the Appellant : None For the Respondent : Mr K P Muralidharan, AC (AR) ORDER Per D N Panda The contention of appellant in this appeal is that the difference between the stock figure in the Balance Sheet as on 31.03.2009 and ER-1 returns of that date does not give rise to any loss of Revenue. But Revenue views that such situation has resulted in loss of revenue. 2. Learned Adjudicating authority made an effort in para 12 of his order to understand the reason of difference of &# .....

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