https://www.taxtmi.com/caselaws?id=760197 A belated trading account not produced during inspection or assessment could not be accepted as additional evidence to show that alleged suppressed purchases and sales had already formed part of the earlier closing stock, so the suppression finding was sustained. Further equal time additions towards purchase suppression were deleted because the inspection materials were already available, the books were not rejected, and no independent adverse material supported further estimation; such additions were treated as speculative. The suppression additions and consequential penalty were maintained, with only limited relief granted on the estimated additions. en-us Wed, 25 Sep 2024 00:00:00 +0530 Fri, 18 Oct 2024 09:12:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760197 A belated trading account not produced during inspection or assessment could not be accepted as additional evidence to show that alleged suppressed purchases and sales had already formed part of the earlier closing stock, so the suppression finding was sustained. Further equal time additions towards purchase suppression were deleted because the inspection materials were already available, the books were not rejected, and no independent adverse material supported further estimation; such additions were treated as speculative. The suppression additions and consequential penalty were maintained, with only limited relief granted on the estimated additions. Case-Laws VAT / Sales Tax Wed, 25 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760197