https://www.taxtmi.com/caselaws?id=218115 Turnover and tax liability may be enhanced where survey material supports the estimate and the books of account are not maintained for the relevant period. The assessee did not dispute the survey or seizure of materials, and the assessment was not based on conjecture but on the value of the material found during the survey. The Tribunal accepted the incomplete accounts and, after considering the seized material and surrounding circumstances, made only a modest enhancement. The estimate of turnover and the resulting tax enhancement were held to be just and reasonable, and the revision failed. en-us Thu, 05 Jan 2012 00:00:00 +0530 Tue, 30 Sep 2014 12:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218115 Turnover and tax liability may be enhanced where survey material supports the estimate and the books of account are not maintained for the relevant period. The assessee did not dispute the survey or seizure of materials, and the assessment was not based on conjecture but on the value of the material found during the survey. The Tribunal accepted the incomplete accounts and, after considering the seized material and surrounding circumstances, made only a modest enhancement. The estimate of turnover and the resulting tax enhancement were held to be just and reasonable, and the revision failed. Case-Laws VAT and Sales Tax Thu, 05 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218115