https://www.taxtmi.com/caselaws?id=150737 The High Court ruled in favor of the partnership-firm engaged in sarrafa business, holding that the Sales Tax Officer should have assessed based on the firm's reliable returns supported by its accounts. The Court found that the turnover determination did not require estimation from stock or investments unless account reliability was questionable. As the firm's books were deemed reliable, the Judge (Revisions) was deemed unjustified in setting aside the assessment orders and remanding for fresh assessment. The Court answered the question of law negatively, awarding costs to the assessee and ruling in their favor. en-us Tue, 16 Apr 1974 00:00:00 +0530 Wed, 22 May 2013 11:29:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150737 The High Court ruled in favor of the partnership-firm engaged in sarrafa business, holding that the Sales Tax Officer should have assessed based on the firm's reliable returns supported by its accounts. The Court found that the turnover determination did not require estimation from stock or investments unless account reliability was questionable. As the firm's books were deemed reliable, the Judge (Revisions) was deemed unjustified in setting aside the assessment orders and remanding for fresh assessment. The Court answered the question of law negatively, awarding costs to the assessee and ruling in their favor. Case-Laws VAT and Sales Tax Tue, 16 Apr 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150737