https://www.taxtmi.com/caselaws?id=418346 The article discusses how the High Court treated challenges to a Tribunal's factual findings on alleged non-genuine sales of raw hides and skins and on stock variation found during inspection. The Tribunal had inferred that the alleged sales were not real because there was no payment, tanning charges were borne by the assessee, and the processed skins were later repurchased, indicating retention of ownership. It also rejected the stock explanation as unsupported by records. The governing principle stated is that findings of the final fact-finding authority on genuineness and stock discrepancy will not be interfered with unless they are perverse. en-us Fri, 04 Feb 2022 00:00:00 +0530 Tue, 15 Feb 2022 16:29:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=418346 The article discusses how the High Court treated challenges to a Tribunal's factual findings on alleged non-genuine sales of raw hides and skins and on stock variation found during inspection. The Tribunal had inferred that the alleged sales were not real because there was no payment, tanning charges were borne by the assessee, and the processed skins were later repurchased, indicating retention of ownership. It also rejected the stock explanation as unsupported by records. The governing principle stated is that findings of the final fact-finding authority on genuineness and stock discrepancy will not be interfered with unless they are perverse. Case-Laws VAT and Sales Tax Fri, 04 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418346