https://www.taxtmi.com/caselaws?id=233647 In the absence of any defect in duly maintained and audited computerised accounts, annual sales turnover cannot be estimated merely by extrapolating figures from a brief period of higher sales. The assessee's books and computerised bills were found regular, and no irregularity was detected by the departmental officers. Estimating the whole year's sales on that basis was held unsound because sales in a hotel business may fluctuate for several reasons, and the addition rested on conjectures and surmises rather than proven defects. The Tribunal was therefore not justified in sustaining the estimated turnover and consequent demand. en-us Fri, 29 Jun 2012 00:00:00 +0530 Thu, 09 May 2013 06:16:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233647 In the absence of any defect in duly maintained and audited computerised accounts, annual sales turnover cannot be estimated merely by extrapolating figures from a brief period of higher sales. The assessee's books and computerised bills were found regular, and no irregularity was detected by the departmental officers. Estimating the whole year's sales on that basis was held unsound because sales in a hotel business may fluctuate for several reasons, and the addition rested on conjectures and surmises rather than proven defects. The Tribunal was therefore not justified in sustaining the estimated turnover and consequent demand. Case-Laws VAT and Sales Tax Fri, 29 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233647