https://www.taxtmi.com/caselaws?id=472180 Assessments under the compounding scheme based on purchase-sales turnover mismatches require an effective personal opportunity for the assessee to explain the discrepancy before proposals are finalised. Purchases not reflected in sales for a particular year may represent closing stock, and the assessee must be allowed to establish that position through supporting evidence. Finalising assessments without calling for such an explanation breaches the principles of natural justice and makes the assessments unsustainable. en-us Mon, 15 Jul 2019 00:00:00 +0530 Thu, 01 Oct 2026 14:42:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472180 Assessments under the compounding scheme based on purchase-sales turnover mismatches require an effective personal opportunity for the assessee to explain the discrepancy before proposals are finalised. Purchases not reflected in sales for a particular year may represent closing stock, and the assessee must be allowed to establish that position through supporting evidence. Finalising assessments without calling for such an explanation breaches the principles of natural justice and makes the assessments unsustainable. Case-Laws VAT / Sales Tax Mon, 15 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472180