TMI BlogSTOCK VARIATION DEFECT in audit by the departmentX X X X Extracts X X X X X X X X Extracts X X X X ..... Hello sirs/madam, The dealer is an iron and steel wholesaler distributor with large turnover . During the audit, the department arrived at stock difference/ stock variation defect between physical stock and book stock maintained. Physical stock value was arrived barely on eye estimation only. Please discuss appropriate CASE LAWS to file detailed objections. Thanks you. - Reply By KASTURI SETH ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I - The Reply = An eye estimation cannot be basis for booking an offence case on account of shortage of stock. There are so many case laws in assessee's favour. A few are as under :- 2018 (4) TMI 363 - CESTAT NEW DELHI STAR ALLOYS CHEMICALS PVT. LTD. Versus COMMR. OF C. EX. S.T., RAIPUR 2017 (10) TMI 1022 - CESTAT ALLAHABAD COMMISSIONER OF C. EX., KANPUR Versus GOOD EARTH ST ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... EEL PVT. LTD. 2017 (7) TMI 982 - CESTAT KOLKATA COMMR. OF C. EX., HALDIA Versus SHRI BADRINARAYAN ALLOYS STEELS LTD. 2021 (12) TMI 958 - CESTAT KOLKATA AMBICA IRON STEEL PVT. LTD. Versus COMMR. OF C. EX., CUS. S.T., ROURKELA Pl. also go through relied upon case laws. - Reply By Sasi Kumar - The Reply = Dear kasturi seti sir, Thanks for your wonderful support . As us ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ual you are replies are always timely as well as to the point. Thank you very much sir. - STOCK VARIATION DEFECT in audit by the department - Query Started By: - Sasi Kumar Dated:- 12-10-2022 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanageme ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ntindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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