2014 (9) TMI 920

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....ned counsel for the applicant and Sri B.K. Pandey, learned Standing Counsel for the respondent. 2. Briefly stated the facts of the present case are that during the Assessment Year 2011-12, a survey of the business premises of the respondent-assessee was conducted by the departmental officers in which books of account were not found and certain discrepancies in stock was found. In the assessment....

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....13 which was partly allowed by order dated 4th April, 2014 and the liability to tax was reduced by Rs. 71,960/-. The first appellate authority took one additional ground that there is some difference in the list of purchase for the period 1st April, 2011 to 30th September, 2011 submitted before the SIB Officer and the purchase list for the period 1st April, 2011 to 31st March, 2012 filed before th....

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....e and the grounds raised in the memorandum of appeal. The Tribunal dismissed the appeal merely observing that it is not a case where only difference in stock has been found but adverse material has also been found which has been affirmed by the first Appellate Authority and there is no error in the order of the first Appellate Authority. The Tribunal has not stated that which other adverse materia....