https://www.taxtmi.com/caselaws?id=67746 A stock discrepancy relied on to treat purchases as outside the books was not sufficient where there was no item-wise inventory, weighing, or day-to-day stock register, and the books recorded value only. The Commercial Taxes figure was treated as an estimate, so the gap could not be conclusively linked to suppressed stock or secret purchases. The cancellation of penalty under the Rajasthan Sales Tax Act further indicated that the factual foundation for the addition was weak. On that basis, the addition of Rs. 13,575 was held unsustainable and was deleted. en-us Fri, 22 Feb 1980 00:00:00 +0530 Mon, 14 Mar 2011 13:08:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67746 A stock discrepancy relied on to treat purchases as outside the books was not sufficient where there was no item-wise inventory, weighing, or day-to-day stock register, and the books recorded value only. The Commercial Taxes figure was treated as an estimate, so the gap could not be conclusively linked to suppressed stock or secret purchases. The cancellation of penalty under the Rajasthan Sales Tax Act further indicated that the factual foundation for the addition was weak. On that basis, the addition of Rs. 13,575 was held unsustainable and was deleted. Case-Laws Income Tax Fri, 22 Feb 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67746