https://www.taxtmi.com/caselaws?id=156745 Tax cannot be disallowed on mere surmise or guesswork; the assessing authority should base any estimate of manufacturing shortage on industry data, past figures, or comparable material from similar manufacturers. The High Court found no infirmity in the Tribunal's view that the claimed raw material shortage had not been properly rejected and held that the petitioner failed to demonstrate any question of law. As revision under the revisional provision lay only on a question of law, interference was unwarranted and the Tribunal's order stood upheld. en-us Thu, 06 Dec 1990 00:00:00 +0530 Tue, 24 Sep 2013 14:56:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156745 Tax cannot be disallowed on mere surmise or guesswork; the assessing authority should base any estimate of manufacturing shortage on industry data, past figures, or comparable material from similar manufacturers. The High Court found no infirmity in the Tribunal's view that the claimed raw material shortage had not been properly rejected and held that the petitioner failed to demonstrate any question of law. As revision under the revisional provision lay only on a question of law, interference was unwarranted and the Tribunal's order stood upheld. Case-Laws VAT and Sales Tax Thu, 06 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156745