https://www.taxtmi.com/caselaws?id=150244 High electricity consumption may constitute information suggesting escaped turnover and can justify reopening assessment proceedings under the U.P. Sales Tax Act, although it does not by itself establish the quantum of escaped turnover. Rejection of regularly maintained and previously accepted books of account requires positive, concrete material demonstrating that the accounts are unreliable. An inference drawn solely from electricity consumption is insufficient to discard the books and make a best-judgment assessment. Accordingly, escaped-assessment proceedings may be initiated on the basis of high electricity consumption, but book rejection requires independent evidence relating to the accounts. en-us Mon, 31 Jan 1972 00:00:00 +0530 Fri, 10 May 2013 15:49:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150244 High electricity consumption may constitute information suggesting escaped turnover and can justify reopening assessment proceedings under the U.P. Sales Tax Act, although it does not by itself establish the quantum of escaped turnover. Rejection of regularly maintained and previously accepted books of account requires positive, concrete material demonstrating that the accounts are unreliable. An inference drawn solely from electricity consumption is insufficient to discard the books and make a best-judgment assessment. Accordingly, escaped-assessment proceedings may be initiated on the basis of high electricity consumption, but book rejection requires independent evidence relating to the accounts. Case-Laws VAT and Sales Tax Mon, 31 Jan 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150244