https://www.taxtmi.com/caselaws?id=134043 Classification entries in a taxing statute were construed in their ordinary commercial sense, so batasa, chiranji and mishri were not treated as sugar for exemption under the relevant entry and also did not fall within sweetmeats under the competing Schedule entry. Rejection of account books and best judgment estimation of turnover required material and a reasonable basis; where the inference rested only on suspicion and the explanation of stock position and reduced demand was plausible, the estimate could not stand. The tax classification issue was decided against the assessee, while the arbitrary rejection of books and unsupported turnover estimate were set aside. en-us Mon, 11 Jan 1965 00:00:00 +0530 Wed, 17 Apr 2013 15:51:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=134043 Classification entries in a taxing statute were construed in their ordinary commercial sense, so batasa, chiranji and mishri were not treated as sugar for exemption under the relevant entry and also did not fall within sweetmeats under the competing Schedule entry. Rejection of account books and best judgment estimation of turnover required material and a reasonable basis; where the inference rested only on suspicion and the explanation of stock position and reduced demand was plausible, the estimate could not stand. The tax classification issue was decided against the assessee, while the arbitrary rejection of books and unsupported turnover estimate were set aside. Case-Laws VAT and Sales Tax Mon, 11 Jan 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=134043