https://www.taxtmi.com/caselaws?id=163508 The court addressed discrepancies in inspection findings and unaccounted transactions at the assessee's business premises. The assessing authority proposed additions to the turnover, which were partially reduced by appellate authorities and the Tribunal. The court emphasized the need for justifying additions based on concrete evidence and not speculative assumptions. It directed the assessing authority to add only the actual sale value of purchases covered by check-post declarations and a specific amount related to suppressed transactions. The revision petition was allowed to modify the assessment for the relevant year. en-us Tue, 11 Feb 2003 00:00:00 +0530 Thu, 03 Apr 2014 16:35:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163508 The court addressed discrepancies in inspection findings and unaccounted transactions at the assessee's business premises. The assessing authority proposed additions to the turnover, which were partially reduced by appellate authorities and the Tribunal. The court emphasized the need for justifying additions based on concrete evidence and not speculative assumptions. It directed the assessing authority to add only the actual sale value of purchases covered by check-post declarations and a specific amount related to suppressed transactions. The revision petition was allowed to modify the assessment for the relevant year. Case-Laws VAT and Sales Tax Tue, 11 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163508