https://www.taxtmi.com/caselaws?id=282723 The High Court set aside the assessment of taxable turnover based on unquantified stock discovered during a survey for the assessment year 2004-05 under the U.P. Trade Tax Act, 1948. The court emphasized the importance of accurate quantification in determining the accuracy of stock registers, ruling that the assessment solely on the basis of unquantified stock was erroneous. The tribunal's decision to uphold the assessment was deemed a legal error, resulting in the orders being set aside. en-us Thu, 23 May 2013 00:00:00 +0530 Wed, 21 Aug 2019 13:21:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282723 The High Court set aside the assessment of taxable turnover based on unquantified stock discovered during a survey for the assessment year 2004-05 under the U.P. Trade Tax Act, 1948. The court emphasized the importance of accurate quantification in determining the accuracy of stock registers, ruling that the assessment solely on the basis of unquantified stock was erroneous. The tribunal's decision to uphold the assessment was deemed a legal error, resulting in the orders being set aside. Case-Laws VAT and Sales Tax Thu, 23 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282723