TMI Blog2019 (3) TMI 299X X X X Extracts X X X X X X X X Extracts X X X X ..... ound in the provision, can only be running stock and not the turnover in any event. The Tribunal, while taking note of the argument did not feel fit to remand the matter for consideration of the issue. The finding of the Tribunal is correct, but however, the question has to be dealt with as interpreted by the Tribunal. The Assessing Officer will have to necessarily look at the running stock of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m the Tribunal's order:- The assessing authority for valid and sufficient reasons, such as shifting of place of business, holding of stock exceeding double the quantity held in the previous year, furnishing of false information, suppression of relevant information, failure to furnish such information demanded, may refuse permission to pay tax under this section and cancel the permission ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he previous year. 3. The learned Counsel, for the respondent assessee, Sri Anil Kumar however, would submit that the word held available in the provision has to be interpreted as actually having held in the previous year and cannot be on the sale effected by him. The learned Counsel also relies on 2018 (6) SCC 518 [Gaurav Aseem Avtej v. Uttar Pradesh State Sugar Corporation Limited and othe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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