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UPVAT: Books cannot be rejected for minor discrepancy in stock at the time of Survey
Case Law Details
- Case Name
- Jaiswal Machinery Stores Vs Commissioner of Commercial Tax Lko. (Allahabad High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Allahabad High Court
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Jaiswal Machinery Stores Vs Commissioner of Commercial Tax Lko. (Allahabad High Court)
It is not in dispute that the Tribunal has reduced the quantum of tax imposed by the assessing authority from Rs.10,34,000/- to Rs.2,82,125/-. From the perusal of the order passed by the Tribunal, it is apparent that finding recorded is contradictory. On the one hand, the Tribunal has accepted that there were minor discrepancies in the books of accounts submitted by the assessee from the survey report and on the other hand had accepted the partial finding recorded by the assessing authority. Once the Tribuna...
