https://www.taxtmi.com/caselaws?id=157701 Rejection of books of account was justified where inspection revealed stock discrepancies and suppressions, and the dealer had compounded the offence; the resulting estimated additions to turnover were sustained. Opening stock of Indian made foreign liquor carried into the changed levy regime could not be denied exemption merely because separate stock accounts were absent; the fact-finding authority had to examine the relevant schedule entries and the factual probability that the stock belonged to the non-taxable category. The turnover inclusion on that limited issue was set aside and remitted for fresh consideration. en-us Thu, 29 Jul 1993 00:00:00 +0530 Wed, 09 Oct 2013 17:12:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157701 Rejection of books of account was justified where inspection revealed stock discrepancies and suppressions, and the dealer had compounded the offence; the resulting estimated additions to turnover were sustained. Opening stock of Indian made foreign liquor carried into the changed levy regime could not be denied exemption merely because separate stock accounts were absent; the fact-finding authority had to examine the relevant schedule entries and the factual probability that the stock belonged to the non-taxable category. The turnover inclusion on that limited issue was set aside and remitted for fresh consideration. Case-Laws VAT and Sales Tax Thu, 29 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157701