appellant had not maintained day-to-day stock register and quantitative details of goods purchased and sold. Therefore, the trading results shown cannot be taken ... duly audited. The return was accompanied by the auditors report. Complete quantitative details for opening stock, purchases, sales and closing stock with their valuation were
Authorised Representative was asked to produce the stock register wherein quantitative details regarding the purchase and consumption of these materials had been recorded. In this ... under :
"Your honour will appreciate that as far as quantitative details are concerned, the same are available, billwise as per the purchases made
3444/Mum/2014.
M/s.Realstone Exports Limited.
maintained quantitative details of the commodities claimed to have been
purchased and sold goods to the entities ... concluded that the assessee company has not
maintained quantitative details of the goods sold and purchased.
Only, the paper formalities that sale/purchase invoices
assessee company has not produced any stock register reflecting the
quantitative details of closing WIP. The Assessing Officer further
quoted that tax audit ... company stated that due to nature of
business quantitative details not mentioned. In the light of this fact, the
Assessing Officer stated that
audit
report point no. 28(a), auditor has commented that
quantitative details traded not maintained by the assessee,
hence, creditors were unable to report ... details of sales premium [Kindly
refer to PB Page No.4 7], details of land acquisition expenses, details
of land development expenses and details
Form no. 3CD and argued that, the tax auditor has
reported quantitative details of stock in trade of all traded
goods without any individual details ... incorrect
details submitted by tax auditor in his report without verifying
the stock details furnished by the assessee. The assessee has
furnished correct quantitative details
M/S Balaji Agricultural Industries (P) ... vs Jt,Cit,, Allahabad on 13 January, 2021
ITA
applied for all sales for which complete details including quantitative
details are available. In respect to transaction of purchase and sale
recorded in regular books ... maintained and declared op.
stock, purchases, sales & closing stock including quantitative details
thereof have been accepted as such by the A.O. and, therefore
authorities have not fully
appreciated the documentary evidence in respect of
quantitative details, various submissions and
explanations forwarded by the appellant ... assessee submitted that from the above comparative figures of
the quantitative details, it is clear that the Assessing Officer has erred
while taking into consideration
judgement, owing to the fact that the appellant has not
disclosed quantitative details in its tax audit, on the facts
and circumstances of the case ... years or not.
12. Assessee furnished the reply wherein it submitted quantitative
details showing closing balance as on 29/7/2011, sales
