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TMI Blog2012 (2) TMI 450X X X X Extracts X X X X X X X X Extracts X X X X ..... -cakes found by the officers of the enforcement wing. The assessee also unable to give any other material to take a contrary view. Therefore, the order passed by the Tribunal in respect of the addition made based on valid materials and hence, the same is confirmed. After going through the order, we also feel that equal addition is unwarranted. It is only based on estimate that too probable suppression. It is only a guesswork. There is no material for making equal amount for probable suppression. Therefore, we confirm the order in respect of addition made by the Tribunal. However, equal addition for probable omission alone is deleted. Question of law raised is answered partly in favour of the assessee. - Tax Case (Revision) No. 1470 of 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the inspection. Therefore, the assessing officer determined the total taxable turnover of ₹ 65,14,972 and ₹ 52,31,342. While completing the assessment, the assessing officer made addition in respect of stock variation of groundnut and kernel and treated as a first sale of ₹ 3,43,400. Following additions have been made: (Rs.) Stock variation of groundnut and kernel treated as first purchase 3,43,400 First purchase of groundnut and kernel as per slip No. 1 2,87,344 First purchase of groundnut and kernel as per D7 slip Nos. 2 and 3 1,16,976 First purchases of groundnut kernel as per D7 slip ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t he is not pressing question No. 1. 4. The learned counsel for the Revenue on the other hand submitted that the Tribunal had considered all the facts and circumstances of the case and came to the conclusion and confirmed the addition on the ground that there is stock variation as well as suppression of the turnover. He further submitted that the order of the Tribunal is in accordance with law and the same shall be confirmed. 5. Heard the learned counsel on both sides and perused the materials available on record. Question No. 1 is not pressed by the learned counsel for the assessee. The only issue for consideration in this tax case revision is whether the addition made by the authorities below are justified and also equal addition ma ..... X X X X Extracts X X X X X X X X Extracts X X X X
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