https://www.taxtmi.com/caselaws?id=158794 Escaped turnover under the Tamil Nadu General Sales Tax Act was redetermined at one-fourth of the amount sustained in appeal because the Tribunal accepted the assessee's heavy business losses, especially in consignment sales, and noted that the department had not proved any concrete instance of first sales being wrongly treated as second sales. The Tribunal also treated the earlier addition as estimate-based and found the turnover position inconsistent with the net purchases shown. The Madras High Court found these reasons supportable on the record and saw no basis to interfere with the reduction. en-us Thu, 21 Sep 1995 00:00:00 +0530 Thu, 07 Nov 2013 14:36:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158794 Escaped turnover under the Tamil Nadu General Sales Tax Act was redetermined at one-fourth of the amount sustained in appeal because the Tribunal accepted the assessee's heavy business losses, especially in consignment sales, and noted that the department had not proved any concrete instance of first sales being wrongly treated as second sales. The Tribunal also treated the earlier addition as estimate-based and found the turnover position inconsistent with the net purchases shown. The Madras High Court found these reasons supportable on the record and saw no basis to interfere with the reduction. Case-Laws VAT and Sales Tax Thu, 21 Sep 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158794