https://www.taxtmi.com/caselaws?id=158238 A turnover estimate based on four to six times the running stock is justified only where the facts show a continuing pattern of suppression. On the facts recorded, the assessment rested on a solitary inspection and an isolated stock discrepancy, including short stock of old gold ornaments, without proof of wilful or systematic suppression. The Tribunal found that this factual matrix did not support treating the dealer's case as one of ongoing concealment, and the revisional court found no reason to disturb that conclusion. The higher-multiple estimate and lump sum addition were therefore not warranted on these facts, and the assessee's relief remained undisturbed. en-us Fri, 15 Mar 1996 00:00:00 +0530 Fri, 18 Oct 2013 15:37:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158238 A turnover estimate based on four to six times the running stock is justified only where the facts show a continuing pattern of suppression. On the facts recorded, the assessment rested on a solitary inspection and an isolated stock discrepancy, including short stock of old gold ornaments, without proof of wilful or systematic suppression. The Tribunal found that this factual matrix did not support treating the dealer's case as one of ongoing concealment, and the revisional court found no reason to disturb that conclusion. The higher-multiple estimate and lump sum addition were therefore not warranted on these facts, and the assessee's relief remained undisturbed. Case-Laws VAT and Sales Tax Fri, 15 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158238