https://www.taxtmi.com/caselaws?id=155437 Seized account books and surrounding admissions can justify a best judgment assessment where they show suppression of sales and purchases and render the regular books unreliable. In such a case, an estimate of suppressed turnover is permissible if based on available material and not shown to be excessive. A later voluntary disclosure does not prevent reliance on books already seized in an earlier raid. Penalty under section 43(1) may also be sustained where suppression is established, proper notice is served, and no legal or quantum error is shown. en-us Wed, 18 Nov 1987 00:00:00 +0530 Wed, 04 Sep 2013 14:27:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155437 Seized account books and surrounding admissions can justify a best judgment assessment where they show suppression of sales and purchases and render the regular books unreliable. In such a case, an estimate of suppressed turnover is permissible if based on available material and not shown to be excessive. A later voluntary disclosure does not prevent reliance on books already seized in an earlier raid. Penalty under section 43(1) may also be sustained where suppression is established, proper notice is served, and no legal or quantum error is shown. Case-Laws VAT and Sales Tax Wed, 18 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155437