https://www.taxtmi.com/caselaws?id=250591 The Tribunal upheld the demand for tax, interest, and penalty against a manufacturer dealer of tiles due to discrepancies in stock, emphasizing the importance of accurate bookkeeping to prevent tax evasion. The decision was based on the excess stock found during a visit, holding the appellant liable for the differential tax. The judgment highlighted the Tribunal's role as the final fact-finding authority and affirmed the legal obligation to pay tax based on actual goods valuation, dismissing the appellant's argument of valuation errors. en-us Fri, 02 May 2014 00:00:00 +0530 Tue, 19 Aug 2014 14:20:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250591 The Tribunal upheld the demand for tax, interest, and penalty against a manufacturer dealer of tiles due to discrepancies in stock, emphasizing the importance of accurate bookkeeping to prevent tax evasion. The decision was based on the excess stock found during a visit, holding the appellant liable for the differential tax. The judgment highlighted the Tribunal's role as the final fact-finding authority and affirmed the legal obligation to pay tax based on actual goods valuation, dismissing the appellant's argument of valuation errors. Case-Laws VAT and Sales Tax Fri, 02 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250591