https://www.taxtmi.com/caselaws?id=424130 Enhancement of turnover based on stock shortage requires compliance with the statutory notice procedure under Rule 50(3) of the Orissa Sales Tax Rules, 1947, and observance of natural justice; where notice was not issued before enhancement, the exercise of power was unsustainable. A mere shortage of stock found by eye-estimation, without physical weighment or material linking the alleged suppressed stock to actual sales, does not by itself justify enhancement of turnover. On these grounds, the Tribunal's enhancement was set aside and the assessment as reduced by the first appellate authority was restored. en-us Mon, 20 Jun 2022 00:00:00 +0530 Thu, 25 May 2023 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424130 Enhancement of turnover based on stock shortage requires compliance with the statutory notice procedure under Rule 50(3) of the Orissa Sales Tax Rules, 1947, and observance of natural justice; where notice was not issued before enhancement, the exercise of power was unsustainable. A mere shortage of stock found by eye-estimation, without physical weighment or material linking the alleged suppressed stock to actual sales, does not by itself justify enhancement of turnover. On these grounds, the Tribunal's enhancement was set aside and the assessment as reduced by the first appellate authority was restored. Case-Laws VAT and Sales Tax Mon, 20 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424130