https://www.taxtmi.com/caselaws?id=149807 A final fact-finding authority must independently examine the record and the assessee's explanation before sustaining rejected books or enhanced turnover. Where the Tribunal proceeds on a mistaken assumption about the assessing authority's treatment of loose slips, and thereby misreads the record or ignores admissible material, its finding is legally vitiated and cannot stand in reference jurisdiction. The High Court held that such an error of record justified interference, answered the referred questions in the assessee's favour, and remanded the matter to the Tribunal for fresh disposal after hearing the parties. en-us Fri, 27 Mar 1970 00:00:00 +0530 Fri, 03 May 2013 18:03:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=149807 A final fact-finding authority must independently examine the record and the assessee's explanation before sustaining rejected books or enhanced turnover. Where the Tribunal proceeds on a mistaken assumption about the assessing authority's treatment of loose slips, and thereby misreads the record or ignores admissible material, its finding is legally vitiated and cannot stand in reference jurisdiction. The High Court held that such an error of record justified interference, answered the referred questions in the assessee's favour, and remanded the matter to the Tribunal for fresh disposal after hearing the parties. Case-Laws VAT and Sales Tax Fri, 27 Mar 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=149807