Demand of sales tax sustained as discrepancies in sales figures and physical stock not explained

Berger Paints India Ltd Vs Commissioner of Trade and Taxes Delhi (Delhi High Court) Delhi High Court held that as discrepancies in sales figures as well as physical stock not explained, the assessing authority took a fair view in enhancing sales by 10% of net GTO after deducting the stock transfer figure of GTO. Accordingly, levy of tax with interest confirmed. Facts- The appellant is engaged in the business of manufacturing and marketing of paints and allied products. It is having its headquarters at Kolkata and its network is spread throughout the entire length and breadth of the country. Th...