https://www.taxtmi.com/caselaws?id=153712 Failure to issue cash memos, where statutorily required, can justify rejection of a dealer's books of account under the U.P. Sales Tax Act. However, rejection of accounts does not automatically compel rejection of the disclosed taxable turnover. If the accounts are otherwise free from infirmity, the turnover shows a consistent upward trend, and prior years' accounts were accepted, the disclosed turnover may still be accepted as reliable. The legal position stated is that non-issuance of cash memos supports rejection of accounts, but the turnover assessment must still be tested on the surrounding record. en-us Mon, 01 Mar 1982 00:00:00 +0530 Sat, 27 Jul 2013 13:23:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153712 Failure to issue cash memos, where statutorily required, can justify rejection of a dealer's books of account under the U.P. Sales Tax Act. However, rejection of accounts does not automatically compel rejection of the disclosed taxable turnover. If the accounts are otherwise free from infirmity, the turnover shows a consistent upward trend, and prior years' accounts were accepted, the disclosed turnover may still be accepted as reliable. The legal position stated is that non-issuance of cash memos supports rejection of accounts, but the turnover assessment must still be tested on the surrounding record. Case-Laws VAT and Sales Tax Mon, 01 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153712