https://www.taxtmi.com/caselaws?id=154769 Books of account maintained on a Diwali-year basis could not be rejected for suppressions discovered in a later period, because a best-judgment assessment must have a rational nexus with the relevant assessment year. Where the only suppression relied upon arose from a slip relating to dates in April 1970, falling in the subsequent year, it could not justify rejecting the earlier year's accounts or enhancing turnover for assessment year 1969-70. The Tribunal was therefore correct to annul the enhancement. en-us Thu, 20 Nov 1986 00:00:00 +0530 Tue, 27 Aug 2013 13:02:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154769 Books of account maintained on a Diwali-year basis could not be rejected for suppressions discovered in a later period, because a best-judgment assessment must have a rational nexus with the relevant assessment year. Where the only suppression relied upon arose from a slip relating to dates in April 1970, falling in the subsequent year, it could not justify rejecting the earlier year's accounts or enhancing turnover for assessment year 1969-70. The Tribunal was therefore correct to annul the enhancement. Case-Laws VAT and Sales Tax Thu, 20 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154769