https://www.taxtmi.com/caselaws?id=356840 A manufacturer must maintain stock books for raw materials and products at each stage of production under Section 12(2) of the U.P. Trade Tax Act, unless the proviso applies. The first appellate authority found that the relevant movement registers were maintained and that the assessing authority had not identified any specific statutory deficiency or material showing escaped turnover. That finding was not specifically overturned by the Tribunal, which instead concluded that stock movement was not properly maintained without addressing the production stages or the factual basis for breach. On that material, the finding of breach and the consequent enhancement of turnover were not justified. en-us Tue, 06 Mar 2018 00:00:00 +0530 Tue, 13 Mar 2018 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356840 A manufacturer must maintain stock books for raw materials and products at each stage of production under Section 12(2) of the U.P. Trade Tax Act, unless the proviso applies. The first appellate authority found that the relevant movement registers were maintained and that the assessing authority had not identified any specific statutory deficiency or material showing escaped turnover. That finding was not specifically overturned by the Tribunal, which instead concluded that stock movement was not properly maintained without addressing the production stages or the factual basis for breach. On that material, the finding of breach and the consequent enhancement of turnover were not justified. Case-Laws VAT and Sales Tax Tue, 06 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356840