https://www.taxtmi.com/caselaws?id=157702 The revisional authority's assessment could not stand because it was based on conjectures and surmises rather than an objective appraisal of the material. The Madras High Court set aside the revisional order. The taxability of the hotel transactions, the quantum of turnover, and the proposed addition under section 7-A required fresh examination by the assessing authority, which was directed to reconsider the matter on relevant material after hearing the assessee, while accepting the turnover fixed by the appellate authority. The controversy on taxability was therefore left open for fresh adjudication within the limits indicated. en-us Wed, 10 Apr 1991 00:00:00 +0530 Wed, 09 Oct 2013 17:16:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157702 The revisional authority's assessment could not stand because it was based on conjectures and surmises rather than an objective appraisal of the material. The Madras High Court set aside the revisional order. The taxability of the hotel transactions, the quantum of turnover, and the proposed addition under section 7-A required fresh examination by the assessing authority, which was directed to reconsider the matter on relevant material after hearing the assessee, while accepting the turnover fixed by the appellate authority. The controversy on taxability was therefore left open for fresh adjudication within the limits indicated. Case-Laws VAT and Sales Tax Wed, 10 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157702