Mohammad Sharif vs Commercial Tax Tribunal and Ors.
Addition on estimate basis: Discrepancies in books of accounts-Registration of assessee before some days of survey, No proper books of accounts found during survey, No option to AO except to make addition on estimate basis, Estimation a question of fact-During a survey at assessee’s business premises, the AO rejected the books of accounts on finding various discrepancies and made additions. On appeal, [LexDoc Id : 452995]
Indian Oil Corpn. Ltd. vs Commissioner of VAT
Appeal against pre-deposit: Paraffin wax manufactured and sold by appellant of a standard other than the Food Grade Standard-Impugned product falling under Entry No. 120 of Third Schedule to DVAT Act 2004 and taxable at four percent, Pre-deposit order set aside-In an appeal against direction to pre-deposit, the high court noted that paraffin wax manufactured and sold by the appellant was of a standard other t [LexDoc Id : 444214]
Aarco Electroniks vs Addl. Commissioner Vat and Anr.
Challenge to order directing pre-deposit for hearing objections-Respondents directed to hear objections without insisting on pre-deposit-The petitioners had challenged the order whereby the special commissioner had directed the petitioner to deposit a sum of Rs.25 lakhs as a condition p [LexDoc Id : 444341]
