Suppression of Purchases and Sales cannot be based on ‘Eye Estimation’ of Stock: Orissa HC Quashes VAT Assessment [Read Order]

By Yogitha S. Yogesh - On January 26, 2023 9:00 am - 2 mins read
VAT Assessment - Assessment - VAT - Eye Estimation - Orissa High Court - Sales - taxscan

The Orissa High Court (HC) while quashing the VAT assessment held that the suppression of purchases and Sales cannot be based on ‘Eye Estimation’ of Stock. Subham Marbles, the petitioner questioned whether the Odisha Sales Tax Tribunal is right in law to hold the petitioner was involved in the suppression of purchase and sales, due…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹2299 + GST for 1 year

Subscribe Now

Already a member? Log in here

Topics

taxscan-loader