https://www.taxtmi.com/caselaws?id=68177 An estimate of suppressed sales must rest on a rational basis linked to the recorded purchases, product mix and saleable quantity; an arbitrary enhancement without reliable support is not justified, although some trading addition may still be sustained where sales are unvouched and the gross profit rate is low. Registration relief for a liquor partnership depends on consistency between the partnership arrangement and the excise licence conditions: where the licence is personal to the licencee and prior permission is required for any change in licencees, substitution of partners without permission can defeat registration, and no distinction is drawn between country liquor and IMFL for that purpose. en-us Mon, 16 Sep 1996 00:00:00 +0530 Thu, 17 Mar 2011 14:39:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68177 An estimate of suppressed sales must rest on a rational basis linked to the recorded purchases, product mix and saleable quantity; an arbitrary enhancement without reliable support is not justified, although some trading addition may still be sustained where sales are unvouched and the gross profit rate is low. Registration relief for a liquor partnership depends on consistency between the partnership arrangement and the excise licence conditions: where the licence is personal to the licencee and prior permission is required for any change in licencees, substitution of partners without permission can defeat registration, and no distinction is drawn between country liquor and IMFL for that purpose. Case-Laws Income Tax Mon, 16 Sep 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68177