https://www.taxtmi.com/caselaws?id=157561 When purchase accounts are rejected on cogent evidence, the authority may make a best judgment assessment and draw corroborative inferences from surrounding circumstances, including transport records, supplier genuineness, payment proof and electricity consumption, so long as the estimate has a rational nexus with the material and is not based on mere suspicion. The Tribunal's findings that oil-cake purchases were not genuine, that suppressed manufacture and bogus billing could be inferred, and that comparative electricity use supported the estimate were upheld. On the same factual foundation, penalties under sections 45(2)(c) and 45(6) of the Gujarat Sales Tax Act, 1969 were also sustained. en-us Thu, 18 Feb 1993 00:00:00 +0530 Mon, 07 Oct 2013 18:28:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157561 When purchase accounts are rejected on cogent evidence, the authority may make a best judgment assessment and draw corroborative inferences from surrounding circumstances, including transport records, supplier genuineness, payment proof and electricity consumption, so long as the estimate has a rational nexus with the material and is not based on mere suspicion. The Tribunal's findings that oil-cake purchases were not genuine, that suppressed manufacture and bogus billing could be inferred, and that comparative electricity use supported the estimate were upheld. On the same factual foundation, penalties under sections 45(2)(c) and 45(6) of the Gujarat Sales Tax Act, 1969 were also sustained. Case-Laws VAT and Sales Tax Thu, 18 Feb 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157561