1996 (7) TMI 537

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..... tion to the Sales Tax Tribunal, Haryana, to refer the following questions of law to this Court for its opinion: (i) Whether the Tribunal was justified in holding without evidence of suppression that under-valuation of stock by the dealer with the intention of concealing sales? (ii) Whether the conclusion of the Tribunal that under-valuation of stock in the trading account of 1984-85 leads to .....

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..... eturn filed by the assessee, it was noticed that there was a heavy fall in sales compared to the previous year for which assessee was directed to file an affidavit disclosing reasons for fall in the sale. Explanation given by the assessee was that he had been deducting 25 per cent of the value of the goods while calculating opening stock of the year. Assessing Authority came to the conclusion that .....

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