1999 (3) TMI 593

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....mber 9, 1989 by the Intelligence Officer, Squad No. I and Intelligence Inspector, Squad No. II, Kollam respectively and prepared shop inspection report recording the complete physical stock of certain items of goods. Stock analysis disclosed stock variations in certain items below 0.3 grams. This led to the imposition of penalty. The penalty was reduced to Rs. 25,000 by exhibit P4 order of the ....

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....he petitioner did not produce the stock register at the time of inspection, on verification of the accounts the petitioner produced the closing stock inventory as on March 31, 1989 before the Intelligence Officer. The Sales Tax Officer, First Circle signed the same on November 15, 1989. Therefore, there is no definite finding by the authorities regarding quantum of tax said to have been evaded.....