https://www.taxtmi.com/caselaws?id=154077 Disclosed stock value could not be added to taxable turnover in the absence of evidence that it represented sales during the relevant assessment year. In sales tax matters, the Revenue must prove that the amount is turnover arising from a taxable first sale, and a mere disclosure of stock or income does not establish suppressed sales. Because no material linked the disclosure to actual sales in the assessment year, the department failed to discharge its burden. The Andhra Pradesh High Court therefore held the addition unjustified and set it aside. en-us Wed, 24 Aug 1983 00:00:00 +0530 Tue, 06 Aug 2013 16:51:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154077 Disclosed stock value could not be added to taxable turnover in the absence of evidence that it represented sales during the relevant assessment year. In sales tax matters, the Revenue must prove that the amount is turnover arising from a taxable first sale, and a mere disclosure of stock or income does not establish suppressed sales. Because no material linked the disclosure to actual sales in the assessment year, the department failed to discharge its burden. The Andhra Pradesh High Court therefore held the addition unjustified and set it aside. Case-Laws VAT and Sales Tax Wed, 24 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154077