https://www.taxtmi.com/caselaws?id=382951 An unexplained mismatch between stock transfer values in Form-F declarations and the books of account does not, by itself, establish taxable suppression unless it is shown to have resulted in unreported sales turnover. Where the authorities did not examine whether the discrepancy actually led to suppressed turnover, the addition could not be finally sustained on the existing record and required fresh assessment. The failure to reconcile the figures may still amount to a technical irregularity capable of attracting penal consequences, but not automatic tax evasion without a finding on suppression. en-us Wed, 26 Jun 2019 00:00:00 +0530 Fri, 12 Jul 2019 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382951 An unexplained mismatch between stock transfer values in Form-F declarations and the books of account does not, by itself, establish taxable suppression unless it is shown to have resulted in unreported sales turnover. Where the authorities did not examine whether the discrepancy actually led to suppressed turnover, the addition could not be finally sustained on the existing record and required fresh assessment. The failure to reconcile the figures may still amount to a technical irregularity capable of attracting penal consequences, but not automatic tax evasion without a finding on suppression. Case-Laws VAT and Sales Tax Wed, 26 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382951