https://www.taxtmi.com/caselaws?id=150237 Regularly maintained account books could not be rejected merely because the disclosed turnover appeared low. The Court held that a fall in turnover, without positive and concrete material showing suppression or inaccuracy of sales, was insufficient to justify rejection of the books or a best judgment assessment. It further noted that revisional jurisdiction under the U.P. Sales Tax Act was co-extensive with appellate jurisdiction and could extend to questions of fact and law. On the facts, the rejection of the account books was not justified, and the reference was answered in favour of the assessee. en-us Wed, 02 Feb 1972 00:00:00 +0530 Fri, 10 May 2013 15:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150237 Regularly maintained account books could not be rejected merely because the disclosed turnover appeared low. The Court held that a fall in turnover, without positive and concrete material showing suppression or inaccuracy of sales, was insufficient to justify rejection of the books or a best judgment assessment. It further noted that revisional jurisdiction under the U.P. Sales Tax Act was co-extensive with appellate jurisdiction and could extend to questions of fact and law. On the facts, the rejection of the account books was not justified, and the reference was answered in favour of the assessee. Case-Laws VAT and Sales Tax Wed, 02 Feb 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150237