1982 (9) TMI 224 - HC - VAT and Sales Tax

Summary

The High Court of Madras upheld the assessment made by the assessing authority, which included additions to the admitted turnover based on stock difference and suppressed sales turnover. The appellate authorities restricted the addition to the actual suppression amount of Rs. 13,858.47. The Sales Tax Appellate Tribunal also upheld the additions. The court rejected the assessee's explanations for stock variation and disputed sales turnover, concluding that no interference was warranted. The revision was dismissed.