https://www.taxtmi.com/caselaws?id=159331 In a best judgment assessment, rejected books may be supported by cogent material showing suppression, and electricity consumption may be used only as a corroborative factor for estimating taxable turnover. The court accepted extrapolation from detected suppression over a three-month period to the full financial year, holding that a rational estimate with a reasonable nexus to discovered facts is permissible. However, where the assessee raised a specific claim for deduction on sales to a registered dealer, the Tribunal was bound to decide it expressly; its omission was an error in law. The turnover enhancement was upheld, while the deduction issue required reconsideration. en-us Fri, 25 Jul 1997 00:00:00 +0530 Wed, 20 Nov 2013 17:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159331 In a best judgment assessment, rejected books may be supported by cogent material showing suppression, and electricity consumption may be used only as a corroborative factor for estimating taxable turnover. The court accepted extrapolation from detected suppression over a three-month period to the full financial year, holding that a rational estimate with a reasonable nexus to discovered facts is permissible. However, where the assessee raised a specific claim for deduction on sales to a registered dealer, the Tribunal was bound to decide it expressly; its omission was an error in law. The turnover enhancement was upheld, while the deduction issue required reconsideration. Case-Laws VAT and Sales Tax Fri, 25 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159331