https://www.taxtmi.com/caselaws?id=157056 Where books of account are rejected and no reliable contrary evidence is produced, electricity consumption of an oil mill may provide a valid basis for best judgment estimation of production and turnover. The Karnataka High Court upheld the Tribunal's reliance on power usage to estimate groundnut oil and oil-cake output, holding that energy consumption can bear a direct correlation to production and that the assessee had not shown the method to be arbitrary or unsound. The cited contrary decision was held inapplicable on the facts because the case did not involve comparative testing of other mills. The assessment based on electricity consumption was therefore sustained. en-us Mon, 13 Aug 1990 00:00:00 +0530 Sat, 28 Sep 2013 13:41:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157056 Where books of account are rejected and no reliable contrary evidence is produced, electricity consumption of an oil mill may provide a valid basis for best judgment estimation of production and turnover. The Karnataka High Court upheld the Tribunal's reliance on power usage to estimate groundnut oil and oil-cake output, holding that energy consumption can bear a direct correlation to production and that the assessee had not shown the method to be arbitrary or unsound. The cited contrary decision was held inapplicable on the facts because the case did not involve comparative testing of other mills. The assessment based on electricity consumption was therefore sustained. Case-Laws VAT and Sales Tax Mon, 13 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157056