https://www.taxtmi.com/caselaws?id=158982 The High Court addressed Sales Tax Revision No. 408 of 1989 concerning the arbitrary fixation of taxable turnover for the assessment year 1986-87. The Court quashed the impugned judgment, remanding the matter to the Tribunal for a fresh hearing and decision within three months. The judgment emphasized rational considerations in assessments, the importance of past record in determining turnover, and the need for cogent material in calculations. The Court dismissed the cross appeal and highlighted the relevance of market conditions and fair assessment practices by the taxing authority. en-us Thu, 06 Jul 1995 00:00:00 +0530 Tue, 12 Nov 2013 14:59:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=158982 The High Court addressed Sales Tax Revision No. 408 of 1989 concerning the arbitrary fixation of taxable turnover for the assessment year 1986-87. The Court quashed the impugned judgment, remanding the matter to the Tribunal for a fresh hearing and decision within three months. The judgment emphasized rational considerations in assessments, the importance of past record in determining turnover, and the need for cogent material in calculations. The Court dismissed the cross appeal and highlighted the relevance of market conditions and fair assessment practices by the taxing authority. Case-Laws VAT and Sales Tax Thu, 06 Jul 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=158982