https://www.taxtmi.com/caselaws?id=238876 Unsupported interference with concurrent factual findings on stock variation and suppressed purchases was held unwarranted. The record showed deficit stock, unaccounted inter-State purchases and recovered documents supporting the addition, while the Tribunal accepted the assessee's explanation without discussing the materials or giving reasons for rejecting the findings of the Assessing Officer and the Appellate Assistant Commissioner. The Tribunal's deletion of the equal addition and reduction of the penalty was therefore not sustainable, and the Appellate Assistant Commissioner's order was restored in favour of the Revenue. en-us Thu, 14 Jul 2011 00:00:00 +0530 Thu, 18 Sep 2014 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238876 Unsupported interference with concurrent factual findings on stock variation and suppressed purchases was held unwarranted. The record showed deficit stock, unaccounted inter-State purchases and recovered documents supporting the addition, while the Tribunal accepted the assessee's explanation without discussing the materials or giving reasons for rejecting the findings of the Assessing Officer and the Appellate Assistant Commissioner. The Tribunal's deletion of the equal addition and reduction of the penalty was therefore not sustainable, and the Appellate Assistant Commissioner's order was restored in favour of the Revenue. Case-Laws VAT and Sales Tax Thu, 14 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238876