https://www.taxtmi.com/caselaws?id=160486 For arrack dealers, turnover cannot be estimated by merely multiplying rental amounts unless the statutory compounding method under section 7(14) of the Kerala General Sales Tax Act, 1963 is followed. Rental by itself was not treated as a reliable basis for determining turnover, and an arbitrary multiplier could not replace the statutory conditions governing estimation. The assessee's claim that it had exercised the option under section 7(14) was also not considered by the Tribunal. The turnover estimate was therefore set aside and the matter remitted for consideration of the statutory compounding claim. en-us Wed, 28 Mar 2001 00:00:00 +0530 Wed, 18 Dec 2013 18:38:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160486 For arrack dealers, turnover cannot be estimated by merely multiplying rental amounts unless the statutory compounding method under section 7(14) of the Kerala General Sales Tax Act, 1963 is followed. Rental by itself was not treated as a reliable basis for determining turnover, and an arbitrary multiplier could not replace the statutory conditions governing estimation. The assessee's claim that it had exercised the option under section 7(14) was also not considered by the Tribunal. The turnover estimate was therefore set aside and the matter remitted for consideration of the statutory compounding claim. Case-Laws VAT and Sales Tax Wed, 28 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160486