VAT Dept cannot Suspect Purchases Due to Minor Discrepancies in Books: Allahabad HC [Read Order]

VAT Dept - Vat - Purchases - Minor Discrepancies in Books - Allahabad Highcourt - taxscan

The Allahabad High Court, in a recent ruling, held that the VAT department cannot suspect the genuineness of the purchases due to minor discrepancies in the Books of Accounts. The assessee, M/S Jaiswal Machinery Stores contended that a survey was conducted by SIB Unit on 21.06.2011. On the basis of the survey so made, assessing…

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