https://www.taxtmi.com/caselaws?id=152431 The revising authority's decision to reject the account books and estimate a higher turnover for the assessment year 1971-72 was challenged by the assessee. The rejection was based on discrepancies in the account books revealed during a survey, leading to suspicions about their genuineness. The estimate of turnover was deemed unreasonable, relying on the assessee's conduct in subsequent years and lacking a reasonable basis. The judgment emphasized the need for independent assessments each year and reasonable judgment by the assessing authority. Consequently, the revision was allowed, directing a reassessment of turnover in accordance with the law and observations in the judgment. en-us Tue, 01 Aug 1978 00:00:00 +0530 Wed, 03 Jul 2013 15:02:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152431 The revising authority's decision to reject the account books and estimate a higher turnover for the assessment year 1971-72 was challenged by the assessee. The rejection was based on discrepancies in the account books revealed during a survey, leading to suspicions about their genuineness. The estimate of turnover was deemed unreasonable, relying on the assessee's conduct in subsequent years and lacking a reasonable basis. The judgment emphasized the need for independent assessments each year and reasonable judgment by the assessing authority. Consequently, the revision was allowed, directing a reassessment of turnover in accordance with the law and observations in the judgment. Case-Laws VAT and Sales Tax Tue, 01 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152431