Incorrect Turnover Declaration by SEZ Unit Raises Tax Implications Due to Inadequate Documentation on Stock Transfers.

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....SEZ unit - Wrong declaration of turnover - the petitioner was unable to prove intra-state/ inter-state stock transfer to its branch/depot, tax implication would be different under the respective enactments. For inter-state branch/depot transfer outside the State, where the petitioner was unable to produce documents, Section 6(A) 3 of the CST Act, 1956 would be applicable. - HC....