https://www.taxtmi.com/caselaws?id=160834 Mere non-maintenance of manufacturing accounts does not, by itself, justify best judgment enhancement of purchase turnover where the books and stock records do not disclose suppression. The assessee's explanation that fibre glass boats were made against specific customer orders and that item-wise material consumption could not be practically quantified was accepted as plausible. In the absence of material showing concealed turnover, the addition based on presumed suppression could not be sustained, and the Tribunal's deletion of the addition did not call for revisional interference. en-us Thu, 10 Jan 2002 00:00:00 +0530 Wed, 25 Dec 2013 14:20:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=160834 Mere non-maintenance of manufacturing accounts does not, by itself, justify best judgment enhancement of purchase turnover where the books and stock records do not disclose suppression. The assessee's explanation that fibre glass boats were made against specific customer orders and that item-wise material consumption could not be practically quantified was accepted as plausible. In the absence of material showing concealed turnover, the addition based on presumed suppression could not be sustained, and the Tribunal's deletion of the addition did not call for revisional interference. Case-Laws VAT and Sales Tax Thu, 10 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=160834