https://www.taxtmi.com/caselaws?id=62660 Best-judgment turnover estimates were upheld where the assessee failed to produce reliable books of account, supporting vouchers, or material showing that the estimate was arbitrary or excessive. The plea that the business firm had dissolved was also rejected because no dissolution deed or proof of date was produced, and the record supported continuation of business by the assessee as sole proprietor. A claim for taxation at a lower rate on the basis that coca-cola was no longer sold was similarly rejected for want of evidence. The assessment treatment adopted by the authorities was therefore sustained. en-us Sat, 19 Feb 1977 00:00:00 +0530 Fri, 21 Jan 2011 10:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62660 Best-judgment turnover estimates were upheld where the assessee failed to produce reliable books of account, supporting vouchers, or material showing that the estimate was arbitrary or excessive. The plea that the business firm had dissolved was also rejected because no dissolution deed or proof of date was produced, and the record supported continuation of business by the assessee as sole proprietor. A claim for taxation at a lower rate on the basis that coca-cola was no longer sold was similarly rejected for want of evidence. The assessment treatment adopted by the authorities was therefore sustained. Case-Laws VAT and Sales Tax Sat, 19 Feb 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62660