https://www.taxtmi.com/caselaws?id=150129 A survey in one assessment year was held relevant for other years only where the discovered material, with surrounding account defects, showed unreliability extending beyond the survey year; a single isolated suppression could not by itself support a presumption for later years. The court also noted that account books may be rejected when defects are substantial, including unvouched purchases and sales not commensurate with stock. Once the books are rejected, turnover may be estimated using commercial considerations, past record, accounting method, general reputation, and stock position. On that basis, rejection of the books and estimation for the relevant years were upheld. en-us Thu, 16 Sep 1971 00:00:00 +0530 Thu, 09 May 2013 11:50:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150129 A survey in one assessment year was held relevant for other years only where the discovered material, with surrounding account defects, showed unreliability extending beyond the survey year; a single isolated suppression could not by itself support a presumption for later years. The court also noted that account books may be rejected when defects are substantial, including unvouched purchases and sales not commensurate with stock. Once the books are rejected, turnover may be estimated using commercial considerations, past record, accounting method, general reputation, and stock position. On that basis, rejection of the books and estimation for the relevant years were upheld. Case-Laws VAT and Sales Tax Thu, 16 Sep 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150129