https://www.taxtmi.com/caselaws?id=159662 The High Court emphasized the need for assessing authorities to provide detailed justifications before applying the average running stock method to determine turnover in tax revision cases. In this instance, the court set aside the Tribunal's order, remitting the case for reassessment based on specific facts and circumstances. The decision highlighted that the application of this method should be case-specific and supported by cogent reasons, ensuring a fair evaluation process. en-us Mon, 04 Jan 1999 00:00:00 +0530 Thu, 28 Nov 2013 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=159662 The High Court emphasized the need for assessing authorities to provide detailed justifications before applying the average running stock method to determine turnover in tax revision cases. In this instance, the court set aside the Tribunal's order, remitting the case for reassessment based on specific facts and circumstances. The decision highlighted that the application of this method should be case-specific and supported by cogent reasons, ensuring a fair evaluation process. Case-Laws VAT and Sales Tax Mon, 04 Jan 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=159662