https://www.taxtmi.com/caselaws?id=418346 Genuineness of sales of raw hides and skins depended on actual transfer of property and the surrounding commercial conduct. Absence of payment, payment of tanning charges by the assessee, and later purchase of processed skins supported the finding that ownership remained with the assessee and that the transactions were not genuine sales. Stock variation detected on inspection was treated as actual suppression because the explanation that stock had been inflated for bank credit was unsupported by records. Both issues turned on factual findings, which are not ordinarily open to judicial interference unless perverse; the writ petition therefore failed. 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 Genuineness of sales of raw hides and skins depended on actual transfer of property and the surrounding commercial conduct. Absence of payment, payment of tanning charges by the assessee, and later purchase of processed skins supported the finding that ownership remained with the assessee and that the transactions were not genuine sales. Stock variation detected on inspection was treated as actual suppression because the explanation that stock had been inflated for bank credit was unsupported by records. Both issues turned on factual findings, which are not ordinarily open to judicial interference unless perverse; the writ petition therefore failed. Case-Laws VAT and Sales Tax Fri, 04 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=418346