https://www.taxtmi.com/caselaws?id=150319 The court ruled in favor of the groundnut oil manufacturer and dealer concerning the addition to taxable turnover for the assessment years 1963-64 and 1964-65 based on electricity consumption. The assessing authority's arbitrary additions were deemed unjustified, especially for the 1963-64 assessment lacking proper grounds. For the 1964-65 assessment, defects in accounting methods and unaccounted stock led to a "best judgment" assessment, criticized for its arbitrary basis. The court reduced the addition to taxable turnover for 1964-65, emphasizing the necessity of fair and justified estimations in assessments. Tax Case No. 55 of 1969 was fully allowed, and Tax Case No. 54 of 1969 was partially allowed with a reduced addition. en-us Tue, 30 Jan 1973 00:00:00 +0530 Mon, 13 May 2013 12:17:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150319 The court ruled in favor of the groundnut oil manufacturer and dealer concerning the addition to taxable turnover for the assessment years 1963-64 and 1964-65 based on electricity consumption. The assessing authority's arbitrary additions were deemed unjustified, especially for the 1963-64 assessment lacking proper grounds. For the 1964-65 assessment, defects in accounting methods and unaccounted stock led to a "best judgment" assessment, criticized for its arbitrary basis. The court reduced the addition to taxable turnover for 1964-65, emphasizing the necessity of fair and justified estimations in assessments. Tax Case No. 55 of 1969 was fully allowed, and Tax Case No. 54 of 1969 was partially allowed with a reduced addition. Case-Laws VAT and Sales Tax Tue, 30 Jan 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150319