https://www.taxtmi.com/caselaws?id=429862 The High Court quashed and set aside the orders enhancing turnover and tax levy, remanding the matter for a fresh assessment. The Court found the Assessing Officer's decision to treat the difference in figures for iron ore sales as concealed sales was erroneous, emphasizing the lack of concrete evidence. The petitioner's explanation was not adequately considered by the authorities, leading to an incorrect determination. The Court stressed that determining concealed sales based solely on books of account without solid evidence is impermissible, highlighting the burden of proof on the Assessing Officer. en-us Wed, 02 Nov 2022 00:00:00 +0530 Mon, 07 Nov 2022 09:10:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429862 The High Court quashed and set aside the orders enhancing turnover and tax levy, remanding the matter for a fresh assessment. The Court found the Assessing Officer's decision to treat the difference in figures for iron ore sales as concealed sales was erroneous, emphasizing the lack of concrete evidence. The petitioner's explanation was not adequately considered by the authorities, leading to an incorrect determination. The Court stressed that determining concealed sales based solely on books of account without solid evidence is impermissible, highlighting the burden of proof on the Assessing Officer. Case-Laws VAT and Sales Tax Wed, 02 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429862