https://www.taxtmi.com/caselaws?id=157477 A factual estimate of taxable turnover based on material evidence will not be disturbed in revision unless it is unsupported by evidence or otherwise illegal. Where the assessee's affidavit satisfactorily explains non-production of sale bills and records, and the revenue fails to prove suppressed turnover or that a special discount is a benami device, the fact-finding authority may prefer the disclosed sale prices as the sounder basis for best judgment assessment. On those materials, adding 15 per cent to book sales was upheld and the revenue challenge failed. en-us Fri, 22 Feb 1991 00:00:00 +0530 Sat, 05 Oct 2013 18:26:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157477 A factual estimate of taxable turnover based on material evidence will not be disturbed in revision unless it is unsupported by evidence or otherwise illegal. Where the assessee's affidavit satisfactorily explains non-production of sale bills and records, and the revenue fails to prove suppressed turnover or that a special discount is a benami device, the fact-finding authority may prefer the disclosed sale prices as the sounder basis for best judgment assessment. On those materials, adding 15 per cent to book sales was upheld and the revenue challenge failed. Case-Laws VAT and Sales Tax Fri, 22 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157477