https://www.taxtmi.com/caselaws?id=148507 Rejection of books of account in tax assessment must rest on material evidence, not on suspicion or a mistaken shift of the burden of proof. Where disputed purchases were covered by two way-bills, the assessee's explanation linking them to entries already in the books had to be examined on its merits; in the absence of proof that the book entries did not cover the consignments, the rejection of accounts could not stand. Best judgment estimation also requires a rational factual basis: an addition to purchase turnover cannot be sustained if the figure is arbitrary and unsupported by comparative material or a disclosed basis. The assessment enhancement was therefore held unsustainable. en-us Mon, 29 Jul 1968 00:00:00 +0530 Mon, 29 Apr 2013 12:47:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148507 Rejection of books of account in tax assessment must rest on material evidence, not on suspicion or a mistaken shift of the burden of proof. Where disputed purchases were covered by two way-bills, the assessee's explanation linking them to entries already in the books had to be examined on its merits; in the absence of proof that the book entries did not cover the consignments, the rejection of accounts could not stand. Best judgment estimation also requires a rational factual basis: an addition to purchase turnover cannot be sustained if the figure is arbitrary and unsupported by comparative material or a disclosed basis. The assessment enhancement was therefore held unsustainable. Case-Laws VAT and Sales Tax Mon, 29 Jul 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148507