https://www.taxtmi.com/caselaws?id=159151 The High Court set aside the revisional authority's order and allowed the appeal filed by a registered dealer in fireworks. The appellant's well-maintained accounts were deemed reliable and supported by necessary records, in line with the legal requirement to base assessments on maintained accounts rather than best judgment estimates. The appellate authority's decision was upheld, emphasizing the importance of accepting genuine and substantially correct accounts. The revisional authority's lack of detailed reasoning led to the setting aside of their decision, with no costs imposed on either party. en-us Wed, 28 Jan 1998 00:00:00 +0530 Sat, 16 Nov 2013 14:39:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159151 The High Court set aside the revisional authority's order and allowed the appeal filed by a registered dealer in fireworks. The appellant's well-maintained accounts were deemed reliable and supported by necessary records, in line with the legal requirement to base assessments on maintained accounts rather than best judgment estimates. The appellate authority's decision was upheld, emphasizing the importance of accepting genuine and substantially correct accounts. The revisional authority's lack of detailed reasoning led to the setting aside of their decision, with no costs imposed on either party. Case-Laws VAT and Sales Tax Wed, 28 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159151