2018 (11) TMI 214

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.... : C.S.C. ORDER SAUMITRA DAYAL SINGH,J. 1. Heard learned counsel for the parties. 2. In view of the submissions advanced, the question of law is reframed as under: "Whether after accepting the principle that electricity consumption could not form the basis of making best judgment assessment the tribunal could have denied the consequential relief to the assessee by noticing var....

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.... from the Rs. 68,41,75,665.00/-, by Rs. 5,43,30,000.00/-. Also, consequently, the assessing authority further enhanced the estimated purchase of raw material (assumed to have been consumed in the manufacture of undisclosed M.S. Ingots), by Rs. 5,10,00,000.00/-. 5. The assessee carried in the matter in first appeal which was partly allowed and relief of Rs. 32,07,200.00/- in the disputed tax was....

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....mitted by Sri Shubham Agrawal learned counsel for the assessee that under the Central Excise Act and no quantity of those goods could have been cleared from the factory premises of the assessee except with the knowledge or the approval of the Central Excise Act. Inasmuch as there is no material to indicate any concealed clearance made by the assessee, the estimation of turn over cannot be sustaine....

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....es, while the quantum of enhancement may not be interfered with in revisional jurisdiction on an appraisal of facts and evidence, however, where the principle of law stands well settled the taxing authorities and appellate authorities have to accept the same and apply it with clarity and consistency in all assessment proceedings and not to seek or make variations contrary to the principle unless n....