2026 (5) TMI 1808

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....BHANOT, J. By the impugned order dated 30-06-2020 as well as order passed by the appellate authority dated 31-01-2024 have determined the tax liability of the petitioner and also imposed penalty on the footing of excess stock found during investigations. Sri Shubham Agarwal, learned counsel assisted by Ms. Upasana Agarwal, learned counsel for the petitioner submits that the authorities below....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ock is found at the time of survey. The said judgement of this Court has been affirmed by the Apex Court in Special Leave Petition (Civil) Diary No. 5881/2025 (Additional Commissioner, Grade - 2 & Another Vs. M/s Vijay Trading Company) vide judgement and order dated 04.04.2025. Further, in M/s PP Polyplast Private Limited (supra), the Apex Court has held that the law is clear on the subject that t....