https://www.taxtmi.com/caselaws?id=166413 Actual suppression can be sustained on reliable documentary material, but an equal addition based only on probable omission requires independent evidence; on that footing, the corresponding penalty cannot survive. For the earlier year, lorry receipts bearing the assessee's name and address supported the finding of suppression, so that addition was upheld, while the speculative equal addition and penalty were deleted. For the later year, stock discrepancy, D7 slips, uncaptured lorry receipts and invoices showed purchase suppression and incomplete books, so both the additions and penalty were sustained. en-us Thu, 09 Jun 2011 00:00:00 +0530 Tue, 23 Sep 2014 12:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166413 Actual suppression can be sustained on reliable documentary material, but an equal addition based only on probable omission requires independent evidence; on that footing, the corresponding penalty cannot survive. For the earlier year, lorry receipts bearing the assessee's name and address supported the finding of suppression, so that addition was upheld, while the speculative equal addition and penalty were deleted. For the later year, stock discrepancy, D7 slips, uncaptured lorry receipts and invoices showed purchase suppression and incomplete books, so both the additions and penalty were sustained. Case-Laws VAT and Sales Tax Thu, 09 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166413