https://www.taxtmi.com/caselaws?id=157724 Survey material for the relevant assessment year disclosed loose papers showing unrecorded transactions and suppression of turnover, so the books of account were rightly rejected. Each assessment year is independent, and material relating to the year in dispute justified the rejection despite any reliance on similar documents for another year. The turnover was then estimated on the basis of the seized papers, the period covered by the transactions, and the surrounding circumstances, so the estimate was not excessive or arbitrary. The assessment as upheld by the Tribunal remained undisturbed. en-us Thu, 28 Jan 1993 00:00:00 +0530 Wed, 09 Oct 2013 18:46:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=157724 Survey material for the relevant assessment year disclosed loose papers showing unrecorded transactions and suppression of turnover, so the books of account were rightly rejected. Each assessment year is independent, and material relating to the year in dispute justified the rejection despite any reliance on similar documents for another year. The turnover was then estimated on the basis of the seized papers, the period covered by the transactions, and the surrounding circumstances, so the estimate was not excessive or arbitrary. The assessment as upheld by the Tribunal remained undisturbed. Case-Laws VAT and Sales Tax Thu, 28 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=157724