https://www.taxtmi.com/caselaws?id=155478 Books of account may be rejected where they are not maintained contemporaneously in the ordinary course of business or are withheld during survey without a cogent explanation, and that principle was applied here to uphold rejection of the assessee's accounts. At the same time, a best-judgment estimate must rest on supported material: where no convincing basis existed to enhance kiln capacity over the earlier year, the turnover estimate was reduced and the corresponding coal-consumption addition was scaled down. The revision was therefore allowed in part, with rejection of the books sustained but the estimated turnover and excess coal purchases reduced. en-us Wed, 25 Feb 1987 00:00:00 +0530 Wed, 04 Sep 2013 16:34:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=155478 Books of account may be rejected where they are not maintained contemporaneously in the ordinary course of business or are withheld during survey without a cogent explanation, and that principle was applied here to uphold rejection of the assessee's accounts. At the same time, a best-judgment estimate must rest on supported material: where no convincing basis existed to enhance kiln capacity over the earlier year, the turnover estimate was reduced and the corresponding coal-consumption addition was scaled down. The revision was therefore allowed in part, with rejection of the books sustained but the estimated turnover and excess coal purchases reduced. Case-Laws VAT and Sales Tax Wed, 25 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=155478