https://www.taxtmi.com/caselaws?id=152958 Section 12(2) of the U.P. Sales Tax Act was treated as a mandatory requirement for manufacturers to maintain prescribed stock books in addition to true and correct accounts of purchases and sales. The absence of that statutory corroboration could justify rejection of the account books because it undermines the reliability and verifiability of turnover. No separate presumption of dishonesty or concealment arises merely from non-maintenance of the stock register; the defect is evidentiary and relates to the absence of corroborative material required to test the primary accounts. en-us Fri, 12 Dec 1980 00:00:00 +0530 Mon, 15 Jul 2013 11:06:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152958 Section 12(2) of the U.P. Sales Tax Act was treated as a mandatory requirement for manufacturers to maintain prescribed stock books in addition to true and correct accounts of purchases and sales. The absence of that statutory corroboration could justify rejection of the account books because it undermines the reliability and verifiability of turnover. No separate presumption of dishonesty or concealment arises merely from non-maintenance of the stock register; the defect is evidentiary and relates to the absence of corroborative material required to test the primary accounts. Case-Laws VAT and Sales Tax Fri, 12 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152958