https://www.taxtmi.com/caselaws?id=158666 Where estimation of coconut oil output from copra crushed was disputed, inconsistent ratios adopted by officials for the same commodity without convincing justification were treated as unreliable. The Tribunal made a reasoned fair estimate of 50% on the material before it and correspondingly modified the penalty, finding no specific or deliberate omission to justify restoring the original assessment. The revisional court declined interference because the Tribunal had exercised its discretion judiciously and no perversity or legal error was shown. The modified assessment and penalty were therefore confirmed. en-us Mon, 09 Aug 2010 00:00:00 +0530 Mon, 05 May 2014 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158666 Where estimation of coconut oil output from copra crushed was disputed, inconsistent ratios adopted by officials for the same commodity without convincing justification were treated as unreliable. The Tribunal made a reasoned fair estimate of 50% on the material before it and correspondingly modified the penalty, finding no specific or deliberate omission to justify restoring the original assessment. The revisional court declined interference because the Tribunal had exercised its discretion judiciously and no perversity or legal error was shown. The modified assessment and penalty were therefore confirmed. Case-Laws VAT and Sales Tax Mon, 09 Aug 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158666