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TMI Blog2019 (7) TMI 647X X X X Extracts X X X X X X X X Extracts X X X X ..... stock transfer, by producing any proper documents in proof of the same, either before the Assessing Authority or before the first Appellate Authority. However, we take note of the fact that, the authorities have not considered the question whether there occurred any suppression in the sale turnover with respect to the quantity of goods received under stock transfer, with respect to which the difference was detected. The evasion or escapement of tax can be attributed only if there is any specific allegation that there occurred a suppression in disclosing the sales turnover, because the taxable event at the hands of the assessee is the point of sale. Matter remanded for fresh consideration. X X X X Extracts X X X X X X X X Extracts X X X X ..... ng with supporting documents, to prove their contentions. Therefore it was found that, the difference occurred in the stock transfer accounted was not properly explained. Hence the additions made based on the above defects were upheld. 3. Before the Tribunal, the assessee contended that, the Assessing Authority as well as the first Appellate Authority had failed to consider the explanations offered with respect to the difference in the value of the goods accounted when compared with the value reflected in the Form-F declarations. The assessee had produced a statement, which is marked as Annexure-C, along with an argument note. It was contended that the said statement will reflect the reconciliation about the differences between the stock ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... counsel for the appellant and Government Pleader appearing for the respondent. 6. We are convinced that there occurred a failure on the part of the revision petitioner /assessee to reconcile the difference detected in accounted value of the goods received under stock transfer, by producing any proper documents in proof of the same, either before the Assessing Authority or before the first Appellate Authority. However, we take note of the fact that, the authorities have not considered the question whether there occurred any suppression in the sale turnover with respect to the quantity of goods received under stock transfer, with respect to which the difference was detected. The evasion or escapement of tax can be attributed only if there ..... X X X X Extracts X X X X X X X X Extracts X X X X
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