https://www.taxtmi.com/caselaws?id=160734 Seized diary entries, loose papers and cash records were not taxable as the assessee's concealed turnover because the material was linked to the independent business of the assessee's son, a registered dealer already assessed on those transactions. Mere cash entries do not become sale transactions unless the revenue proves a nexus showing receipt as sale consideration, and no such material was produced. The High Court also declined to interfere with the Tax Board's factual findings, holding that they were based on proper appreciation of evidence and were neither perverse nor unreasonable. The additions to taxable turnover were therefore not sustained. en-us Thu, 20 Jan 2000 00:00:00 +0530 Mon, 23 Dec 2013 18:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160734 Seized diary entries, loose papers and cash records were not taxable as the assessee's concealed turnover because the material was linked to the independent business of the assessee's son, a registered dealer already assessed on those transactions. Mere cash entries do not become sale transactions unless the revenue proves a nexus showing receipt as sale consideration, and no such material was produced. The High Court also declined to interfere with the Tax Board's factual findings, holding that they were based on proper appreciation of evidence and were neither perverse nor unreasonable. The additions to taxable turnover were therefore not sustained. Case-Laws VAT and Sales Tax Thu, 20 Jan 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160734