2016 (9) TMI 41

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..... eria for recording sales production etc. in the Balance-sheet significantly different from that required in ER-1. In the present case, the appellants have produced a reconciliation figures which show the variance was on account of trading, labour charges and some short quantity received. The same has not been challenged. Therefore, by following the decision of Tribunal in the case of Composite Boa .....

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..... d to the closing balance shown in the Balance-sheet for the year 2005-06. On this ground, a demand of ₹ 1,01,522/- was invoked and confirmed by the lower authorities. 2. Learned Counsel for the appellant produced a reconciliation statement which shows the reconciliation figures appearing in the Balance-sheet. He argued that figure recorded in the Balance-sheet and in the ER-1 differed on .....

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..... ous that the criteria for recording sales production etc. in the Balance-sheet significantly different from that required in ER-1. In the instant case, the appellants have produced a reconciliation figures which show the variance was on account of trading, labour charges and some short quantity received. The same has not been challenged. The Tribunal in the case of Composite Boards (supra) has, in .....

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