sales suppression of 16 looms and proportionate purchase suppressions of spares, as unwarranted. The dealer has also furnished such details regarding sales of power loom ... entries warranting sales of looms as specified in other entries, the assessment as sales of looms and the corresponding purchase suppression are liable
books of accounts as second sales, in the monthly returns, the remaining quotations are treated as sales suppression.
5. The processing Officers have also negatived ... view that no sale element could be attributed to the above slip. Hence, the sales suppression estimated at Rs.39,235/- along with equal addition
seen from the inspection statement, neither any purchase suppression nor any sales suppression was found out and recorded.
(e) What has been not recorded ... Further the Audit officials had not found any purchase suppression or sales suppression. They found negligible stock discrepancy of Rs.2,357/- only. In these
after deducting the sales turnover accounted for in the 101 bills, arrived at the sales suppression at Rs.3,89,435/-. The contention ... goods sent in the original sale bills and hence the sale did not materialise. Subsequently they raised sale bills for the lesser amount
towards sales, suppression of gold jewellery and the corresponding purchase of bullion. The Assessing Officer has also levied penalty under Section 16 of the TNGST ... Slips were sales estimates, which were duly accounted for by the respondent, and therefore, held that there was no sales suppression. Regarding the other
Assessing Officer therefore estimated the value of the sales suppression at the rate of Rs.42,24,413/-, and added an equal amount for probable ... light of the suppression that was uncovered, it was plausible to assume that the Assessee must have suppressed sales at least worth
Annexure-9 and import, in Annexure-11 in form I, as sales suppression by making an addition of 15%, towards gross profit, on the reported ... passed orders demanding huge tax, arbitrarily, by estimating the alleged sales suppression, ignoring the fact that sales turnover was already declared and tax paid
accepting the first Appellate Authority's findings that the sales suppression of food and drinks is at Rs.9,29,221/- being ... estimated suppression of Rs.8,63,200/-, when the assessee suppressed the total purchase of audio cassette and one day sale of cassette itself comes
TNVAT Act 2006 is as detailed below:-
Actual Sales Suppression : Rs.18,44,981-00
Tax effect : Rs. 2,67,522-00
Penalty ... monthly returns in time. But for cross verification the above actual sales suppression would not have come to light of the Department. In as much
that they have paid only sales tax at 4% on the sale of imported machinery spares, which actually attracts sales at 20%. The petitioner admitted ... goods the tax at 20% to be paid on this sales. The sales suppression found during inspection is be paid on this sales. The sales
