https://www.taxtmi.com/caselaws?id=154214 Properly maintained books of account cannot be rejected or a best judgment assessment invoked merely because no separate account of molten silver was kept, where no falsity or statutory defect in the records was shown. Silver ornaments purchased for immediate melting and resale were held to fall outside the expression "silver ornaments of personal wear" in the relevant sales tax entry, because their commercial substance was bullion rather than ornaments meant for use. On that basis, the goods attracted the lower rate, and the higher-rate assessment was not sustained. en-us Fri, 07 Mar 1980 00:00:00 +0530 Sat, 10 Aug 2013 11:49:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154214 Properly maintained books of account cannot be rejected or a best judgment assessment invoked merely because no separate account of molten silver was kept, where no falsity or statutory defect in the records was shown. Silver ornaments purchased for immediate melting and resale were held to fall outside the expression "silver ornaments of personal wear" in the relevant sales tax entry, because their commercial substance was bullion rather than ornaments meant for use. On that basis, the goods attracted the lower rate, and the higher-rate assessment was not sustained. Case-Laws VAT and Sales Tax Fri, 07 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154214