https://www.taxtmi.com/caselaws?id=157577 The court upheld the rejection of a jeweler's accounts for the assessment year 1988-89 under the Kerala General Sales Tax Act, 1963. The court found discrepancies in gold stock and unaccounted sales of gold, supporting the rejection. The Tribunal's estimation of turnover using the average running stock method at 2.5 times for gold ornaments was deemed valid. The court emphasized the Tribunal's discretion in best judgment assessments and affirmed the Tribunal's decision, dismissing the revision and upholding the Tribunal's order. en-us Tue, 20 Jul 1993 00:00:00 +0530 Tue, 08 Oct 2013 14:00:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157577 The court upheld the rejection of a jeweler's accounts for the assessment year 1988-89 under the Kerala General Sales Tax Act, 1963. The court found discrepancies in gold stock and unaccounted sales of gold, supporting the rejection. The Tribunal's estimation of turnover using the average running stock method at 2.5 times for gold ornaments was deemed valid. The court emphasized the Tribunal's discretion in best judgment assessments and affirmed the Tribunal's decision, dismissing the revision and upholding the Tribunal's order. Case-Laws VAT and Sales Tax Tue, 20 Jul 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157577