https://www.taxtmi.com/caselaws?id=158880 A dealer's declared turnover cannot be enhanced on mere suspicion when the books of account are regularly maintained, accepted as reliable, and no defect, under-invoicing, price suppression, or other adverse material is established. The invoice value shown on transfer to a depot was treated as only an approximate value, not the purchase price, and no investigation produced evidence justifying a higher estimate. On those facts, the attempted upward estimation was unjustified and the declared turnover had to be accepted. en-us Fri, 17 Jan 1997 00:00:00 +0530 Fri, 08 Nov 2013 18:35:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158880 A dealer's declared turnover cannot be enhanced on mere suspicion when the books of account are regularly maintained, accepted as reliable, and no defect, under-invoicing, price suppression, or other adverse material is established. The invoice value shown on transfer to a depot was treated as only an approximate value, not the purchase price, and no investigation produced evidence justifying a higher estimate. On those facts, the attempted upward estimation was unjustified and the declared turnover had to be accepted. Case-Laws VAT and Sales Tax Fri, 17 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158880