https://www.taxtmi.com/caselaws?id=148540 Reassessment of escaped turnover under the Madhya Pradesh General Sales Tax Act could proceed on best judgment where the dealer did not rebut the notice or produce contrary material, but any estimate had to rest on relevant evidence and surrounding circumstances. An annual extrapolation from suppressed sales proved for 19 days was held unjustified because it lacked a factual basis; only the proved escaped turnover could be taxed. Penalty under the local reassessment provision had to be reduced with the reassessed tax. By section 9(3) of the Central Sales Tax Act, the State reassessment and penalty machinery also applied to escaped assessment under the Central Act. en-us Mon, 02 Dec 1968 00:00:00 +0530 Mon, 29 Apr 2013 17:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148540 Reassessment of escaped turnover under the Madhya Pradesh General Sales Tax Act could proceed on best judgment where the dealer did not rebut the notice or produce contrary material, but any estimate had to rest on relevant evidence and surrounding circumstances. An annual extrapolation from suppressed sales proved for 19 days was held unjustified because it lacked a factual basis; only the proved escaped turnover could be taxed. Penalty under the local reassessment provision had to be reduced with the reassessed tax. By section 9(3) of the Central Sales Tax Act, the State reassessment and penalty machinery also applied to escaped assessment under the Central Act. Case-Laws VAT and Sales Tax Mon, 02 Dec 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148540