2025 (4) TMI 563

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.... For the Opposite Party : C.S.C. ORDER HON'BLE PANKAJ BHATIA, J. 1. Present revision has been filed challenging the order of the Tribunal dated 19.06.2018. 2. Following questions of law emerge in the present case: "(1) Whether in the facts and circumstances of the case, the Commercial Tax Tribunal was legally justified in rejecting the account books of the applicant and in confirming th....

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....re that the revisionist is the proprietor firm which was registered under the U.P. Value Added Tax Act as well as under the Sales Tax Act and is engaged in the business of purchase and sale of iron scrap and iron steel. On 24.05.2010, a survey was carried out at the premises of the petitioner and based upon the said survey, the books of account were disbelieved and steps were taken for assessment ....

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.... Tax, U.P., Lucknow; VSTI 2013 (Vol. 18) B-768. 6. Perusal of the order impugned reveals that the books of account as produced by the petitioner at the time of survey were disbelieved on the basis of the survey carried out and the goods which were found based upon eye estimation. 7. Considering the fact that it is well settled that the calculation of goods cannot be done only on the basis of eye....