https://www.taxtmi.com/caselaws?id=163640 Turnover enhancement cannot rest on an isolated stock discrepancy where purchases of mentha oil and raw material were accepted as in order; the Tribunal was required to consider the accepted purchase record before treating the alleged 75 kg discrepancy as proof of suppressed production or taxable turnover. The matter was remanded for fresh consideration on this issue. A petty cash balance of Rs. 5,000, without cogent evidence linking it to unrecorded sales or tax evasion, could not by itself justify an adverse inference of suppression of sales; that inference also required re-examination on remand. en-us Fri, 26 Oct 2007 00:00:00 +0530 Sat, 20 Dec 2014 13:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163640 Turnover enhancement cannot rest on an isolated stock discrepancy where purchases of mentha oil and raw material were accepted as in order; the Tribunal was required to consider the accepted purchase record before treating the alleged 75 kg discrepancy as proof of suppressed production or taxable turnover. The matter was remanded for fresh consideration on this issue. A petty cash balance of Rs. 5,000, without cogent evidence linking it to unrecorded sales or tax evasion, could not by itself justify an adverse inference of suppression of sales; that inference also required re-examination on remand. Case-Laws VAT and Sales Tax Fri, 26 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163640