https://www.taxtmi.com/caselaws?id=158906 The Tribunal's estimate of turnover at 1.5 times the average running stock value was found reasonable on the facts, because it had examined the record, accepted the assessing authority's figure for average running stock, and applied that basis to compute turnover. The Court treated the issue as essentially factual and held that no ground existed for interference in revision. The Tribunal's turnover estimate was therefore upheld, and the Revenue's challenge failed. en-us Thu, 03 Nov 1994 00:00:00 +0530 Sat, 09 Nov 2013 12:44:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158906 The Tribunal's estimate of turnover at 1.5 times the average running stock value was found reasonable on the facts, because it had examined the record, accepted the assessing authority's figure for average running stock, and applied that basis to compute turnover. The Court treated the issue as essentially factual and held that no ground existed for interference in revision. The Tribunal's turnover estimate was therefore upheld, and the Revenue's challenge failed. Case-Laws VAT and Sales Tax Thu, 03 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158906