https://www.taxtmi.com/caselaws?id=164138 A further tax addition based on alleged suppression of turnover cannot be sustained when it rests on pure guesswork and lacks supporting material, especially where the admitted or detected stock difference has already been accounted for. The Tribunal's view that the assessing authority could not enhance the estimation beyond what had been found by the intelligence wing was upheld, and the unsupported further addition was rejected. The accompanying penalty was sustained only to the limited extent already upheld by the Tribunal, with no basis for any further enhancement. The revision was dismissed, leaving the Tribunal's partial allowance in place. en-us Tue, 17 Mar 2009 00:00:00 +0530 Fri, 18 Apr 2014 14:07:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164138 A further tax addition based on alleged suppression of turnover cannot be sustained when it rests on pure guesswork and lacks supporting material, especially where the admitted or detected stock difference has already been accounted for. The Tribunal's view that the assessing authority could not enhance the estimation beyond what had been found by the intelligence wing was upheld, and the unsupported further addition was rejected. The accompanying penalty was sustained only to the limited extent already upheld by the Tribunal, with no basis for any further enhancement. The revision was dismissed, leaving the Tribunal's partial allowance in place. Case-Laws VAT and Sales Tax Tue, 17 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164138