https://www.taxtmi.com/caselaws?id=462381 Penalty for alleged undisclosed stock could not be sustained because the survey was conducted contrary to mandatory search procedure, including failure to associate independent witnesses. The authority also found no reliable basis for the stock estimate and no satisfactory explanation for the manner of measurement, while the stock register was available at the premises. The appellate findings that the survey report was unreliable and that penalty was unwarranted were treated as pure findings of fact, and no substantial question of law arose. The penalty was therefore deleted and the revision failed. en-us Thu, 26 Mar 2015 00:00:00 +0530 Tue, 17 Jun 2025 18:57:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462381 Penalty for alleged undisclosed stock could not be sustained because the survey was conducted contrary to mandatory search procedure, including failure to associate independent witnesses. The authority also found no reliable basis for the stock estimate and no satisfactory explanation for the manner of measurement, while the stock register was available at the premises. The appellate findings that the survey report was unreliable and that penalty was unwarranted were treated as pure findings of fact, and no substantial question of law arose. The penalty was therefore deleted and the revision failed. Case-Laws VAT / Sales Tax Thu, 26 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462381