https://www.taxtmi.com/caselaws?id=128939 The High Court remanded the case for fresh disposal by the Tribunal regarding the assessment of net taxable turnover for the years 1956-57, 1957-58, and 1958-59. The Court criticized the uniform application of adding 50% to the purchase value for turnover determination, emphasizing the necessity of a scientific correlation between input and output in the hotel trade. It held that rejecting accounts solely based on lack of verification through sales chits was unjustified and recommended fair estimates based on various factors without rigid rules. The Court suggested moving away from arbitrary assessment methods towards more accurate and fair evaluations. en-us Wed, 12 Jun 1963 00:00:00 +0530 Mon, 15 Apr 2013 14:12:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128939 The High Court remanded the case for fresh disposal by the Tribunal regarding the assessment of net taxable turnover for the years 1956-57, 1957-58, and 1958-59. The Court criticized the uniform application of adding 50% to the purchase value for turnover determination, emphasizing the necessity of a scientific correlation between input and output in the hotel trade. It held that rejecting accounts solely based on lack of verification through sales chits was unjustified and recommended fair estimates based on various factors without rigid rules. The Court suggested moving away from arbitrary assessment methods towards more accurate and fair evaluations. Case-Laws VAT and Sales Tax Wed, 12 Jun 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128939