2013 (5) TMI 1014

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l :- S.C. Pankaj Mithal, Heard Sri Krishna Agarwal, learned counsel for the assessee revisionist and Sri U.K. Pandey, learned Standing Counsel for the respondent. The question raised in this revision is whether the authorities below could have assessed the taxable turnover of the assessee solely on account of the fact that some discrepancy in the stock even though the stock was not quanti....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ured or quantified. In the absence of actual weighing of the stock and its quantification during the survey it is not possible to disbelieve the stock registers. Therefore, the survey report can not be accepted for the reason that when actual quantification was not done it was not possible to say as to whether the stock shown in the books was less or more. Accordingly, no assessment on the b....