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TMI BlogSTOCK VARIATION DEFECT in audit by the departmentX X X X Extracts X X X X X X X X Extracts X X X X ..... STOCK VARIATION DEFECT in audit by the department X X X X Extracts X X X X X X X X Extracts X X X X ..... lo sirs/madam, The dealer is an iron and steel wholesaler & distributor with large turnover . During the audit, the department arrived at stock difference/ stock variation defect between physical sto ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ck and book stock maintained. Physical stock value was arrived barely on eye estimation only. Please discuss appropriate CASE LAWS to file detailed objections. Thanks you. Reply By KASTURI SETHI: Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Reply: An eye estimation cannot be basis for booking an offence case on account of shortage of stock. There are so many case laws in assessee's favour. A few are as under :- 2018 (4) TMI 363 - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... CESTAT NEW DELHI STAR ALLOYS & CHEMICALS PVT. LTD. Versus COMMR. OF C. EX. & S.T., RAIPUR 2017 (10) TMI 1022 - CESTAT ALLAHABAD COMMISSIONER OF C. EX., KANPUR Versus GOOD EARTH STEEL PVT. LTD. 2017 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... (7) TMI 982 - CESTAT KOLKATA COMMR. OF C. EX., HALDIA Versus SHRI BADRINARAYAN ALLOYS & STEELS LTD. 2021 (12) TMI 958 - CESTAT KOLKATA AMBICA IRON & STEEL PVT. LTD. Versus COMMR. OF C. EX., CUS. & S ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .T., ROURKELA Pl. also go through relied upon case laws. Reply By Sasi Kumar: The Reply: Dear kasturi seti sir, Thanks for your wonderful support . As usual you are replies are always timely as w ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ell as to the point. Thank you very much sir. X X X X Extracts X X X X X X X X Extracts X X X X
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