https://www.taxtmi.com/caselaws?id=394163 The note examines two tax issues: an addition based on alleged stock discrepancy, collusion with allied concerns, and a cash entry, where the record was found to lack a reliable nexus between the books and any unaccounted transaction, so the addition was not sustained; and levy of interest after invalid declaration forms deprived the assessee of concessional tax treatment, where the assessed tax was treated as tax admittedly payable and interest was chargeable from the date it became due. The stated ratio is that invalid declaration forms do not prevent statutory interest once tax is assessed at the correct rate. en-us Fri, 24 Jan 2020 00:00:00 +0530 Wed, 02 Mar 2022 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394163 The note examines two tax issues: an addition based on alleged stock discrepancy, collusion with allied concerns, and a cash entry, where the record was found to lack a reliable nexus between the books and any unaccounted transaction, so the addition was not sustained; and levy of interest after invalid declaration forms deprived the assessee of concessional tax treatment, where the assessed tax was treated as tax admittedly payable and interest was chargeable from the date it became due. The stated ratio is that invalid declaration forms do not prevent statutory interest once tax is assessed at the correct rate. Case-Laws VAT and Sales Tax Fri, 24 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394163