https://www.taxtmi.com/caselaws?id=158639 An estimated equal addition for alleged stock suppression cannot be sustained without reasoned findings or supporting material showing a continuous pattern of suppression; on those facts, the Tribunal's deletion of the addition was upheld. Where the assessment and first appellate orders lacked adequate reasoning and no brought-forward evidence justified a further estimated addition based only on stock variation, the Revenue's challenge failed. Because the penalty was consequential to the addition, it also could not survive once the underlying addition was deleted. en-us Thu, 06 Aug 2009 00:00:00 +0530 Mon, 03 Nov 2014 18:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158639 An estimated equal addition for alleged stock suppression cannot be sustained without reasoned findings or supporting material showing a continuous pattern of suppression; on those facts, the Tribunal's deletion of the addition was upheld. Where the assessment and first appellate orders lacked adequate reasoning and no brought-forward evidence justified a further estimated addition based only on stock variation, the Revenue's challenge failed. Because the penalty was consequential to the addition, it also could not survive once the underlying addition was deleted. Case-Laws VAT and Sales Tax Thu, 06 Aug 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158639