Dismissing the appeal of the revenue the Court held that; additions on account of suppressed sales were solely based on information received by Assessing Officer from Central Excise department without bringing any independent material on record to justify same, additions were unjustified . There was no independent material brought on record by Assessing Officer other than those which were already collected by Excise department and which were yet to be verified (AY.2008 -09)
PCIT v. Vrundavan Ceramics (P.) Ltd. (2018) 256 Taxman 383 (Guj) (HC)
S.143(3): Assessment- Estimation of sales and gross profit -Additions on account of suppressed sales were solely based on information received by Assessing Officer from Central Excise department without bringing any independent material on record to justify same, additions were unjustified