9911796707
TMI Blog1998 (4) TMI 499X X X X Extracts X X X X X X X X Extracts X X X X ..... f the revision-petitioner was inspected on May 20, 1988. The relevant assessment year is 1988-89. On inspection, stock variations were noticed. New gold ornaments were found in excess by 3.425 grams. Old gold ornaments were short by 1.600 grams. As per the vouchers recovered by the inspecting team, it was found that the dealer failed to account for 107.300 grams of gold, said to have been given to ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 5.. So far as the defects point out in the book-keeping are concerned, we are of the view that the book version has got to be rejected and to that extent we see no error in the impugned orders of the authorities below. 6.. The question for consideration is whether on the basis of the discrepancies found, it could be said that the dealer had resorted to large scale suppression both in sales a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... material to this effect. The Appellate Tribunal also has not pointed out any material supporting the conclusion, arrived at by the assessing officer. Rather, the Appellate Tribunal found that Even though the value of the stock variations is very nominal as canvassed by the learned counsel, the offences established in this case are substantial and serious in nature. We called upon the Government ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ancies, pointed out on the records. Until a decision by the Tribunal as aforesaid, no tax will be realised from the revision petitioner pursuant to the order of the assessing officer. The revision petitioner shall produce a certified copy of this judgment to the Sales Tax Appellate Tribunal within two weeks from today, failing which the stay order will stand vacated. A certified copy of the judg ..... X X X X Extracts X X X X X X X X Extracts X X X X
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