https://www.taxtmi.com/caselaws?id=159332 Failure to keep statutory account books up to date attracted penalty where the dealer admitted that the original entry book was written only up to an earlier date and gave no bona fide explanation for the default. The court also sustained the stock variation finding because the estimate was based on the admitted average yield, inspection report figures, and the dealer's own reply, making the production estimate reasonable and showing no illegality or irregularity. On that basis, the penalty for excess stock and suspected tax evasion was upheld, and the revisional challenge failed. en-us Wed, 28 May 1997 00:00:00 +0530 Wed, 20 Nov 2013 17:43:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159332 Failure to keep statutory account books up to date attracted penalty where the dealer admitted that the original entry book was written only up to an earlier date and gave no bona fide explanation for the default. The court also sustained the stock variation finding because the estimate was based on the admitted average yield, inspection report figures, and the dealer's own reply, making the production estimate reasonable and showing no illegality or irregularity. On that basis, the penalty for excess stock and suspected tax evasion was upheld, and the revisional challenge failed. Case-Laws VAT and Sales Tax Wed, 28 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159332