https://www.taxtmi.com/caselaws?id=159573 Estimation of suppressed sales and levy of penalties under the Gujarat Sales Tax Act, 1969 were held to rest on concurrent factual findings from the assessee's books and stock verification, showing that all sales and purchases for the year had not been recorded or disclosed. The estimate of escaped turnover was treated as a factual inference from the evidence, with no legal principle shown to have been applied. The challenge to penalties likewise depended on those factual findings. The High Court therefore held that the referred questions were questions of fact, not questions of law, and declined to answer the reference. en-us Tue, 02 Apr 1991 00:00:00 +0530 Wed, 27 Nov 2013 15:22:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159573 Estimation of suppressed sales and levy of penalties under the Gujarat Sales Tax Act, 1969 were held to rest on concurrent factual findings from the assessee's books and stock verification, showing that all sales and purchases for the year had not been recorded or disclosed. The estimate of escaped turnover was treated as a factual inference from the evidence, with no legal principle shown to have been applied. The challenge to penalties likewise depended on those factual findings. The High Court therefore held that the referred questions were questions of fact, not questions of law, and declined to answer the reference. Case-Laws VAT and Sales Tax Tue, 02 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159573