https://www.taxtmi.com/caselaws?id=161567 The Kerala High Court held that the assessing authority erred in adding to the turnover based on suppression found post-assessment year. The Court emphasized that without inspection during the assessment year and no other discrepancies, assuming similar unaccounted transactions was unjustified. The Court overturned the Tribunal's decision and reinstated the first appellate authority's order, directing the addition of only the actual suppressed amount to the turnover for the assessment year 1994-95. en-us Tue, 25 Feb 2003 00:00:00 +0530 Fri, 31 Jan 2014 18:25:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161567 The Kerala High Court held that the assessing authority erred in adding to the turnover based on suppression found post-assessment year. The Court emphasized that without inspection during the assessment year and no other discrepancies, assuming similar unaccounted transactions was unjustified. The Court overturned the Tribunal's decision and reinstated the first appellate authority's order, directing the addition of only the actual suppressed amount to the turnover for the assessment year 1994-95. Case-Laws VAT and Sales Tax Tue, 25 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161567