https://www.taxtmi.com/caselaws?id=795554 Trading account stock verification may support a best judgment assessment where other verification methods are impracticable, even though it does not produce exact results. Comparison of purchases, sales, book stock and physical stock can establish suppression where substantial variation remains unexplained. Equal addition for probable omission requires supporting material rather than guesswork; failure to maintain purchase records and the prescribed Form-H stock register, coupled with a significant physical-to-book stock disparity, may demonstrate deliberate suppression. Penalty is sustainable only where the assessment records satisfaction that escaped turnover resulted from wilful non-disclosure, supported by omissions, stock variation and lack of explanation. en-us Mon, 06 Jul 2026 00:00:00 +0530 Fri, 24 Jul 2026 08:36:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795554 Trading account stock verification may support a best judgment assessment where other verification methods are impracticable, even though it does not produce exact results. Comparison of purchases, sales, book stock and physical stock can establish suppression where substantial variation remains unexplained. Equal addition for probable omission requires supporting material rather than guesswork; failure to maintain purchase records and the prescribed Form-H stock register, coupled with a significant physical-to-book stock disparity, may demonstrate deliberate suppression. Penalty is sustainable only where the assessment records satisfaction that escaped turnover resulted from wilful non-disclosure, supported by omissions, stock variation and lack of explanation. Case-Laws VAT / Sales Tax Mon, 06 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795554