https://www.taxtmi.com/caselaws?id=161823 The High Court set aside the Tribunal's orders and directed a fresh assessment by the assessing officer concerning the turnover assumed based on missing and corrected forms. The judgment emphasized the necessity of concrete evidence to draw conclusions regarding turnover and sales transactions, highlighting that the mere absence of forms does not automatically imply goods movement and sale without proper accounting. The court clarified the requirements under the Central Sales Tax Act, emphasizing the need for substantial proof of goods movement for the assessing officer to infer a sale. en-us Thu, 13 Nov 2003 00:00:00 +0530 Fri, 07 Feb 2014 14:33:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161823 The High Court set aside the Tribunal's orders and directed a fresh assessment by the assessing officer concerning the turnover assumed based on missing and corrected forms. The judgment emphasized the necessity of concrete evidence to draw conclusions regarding turnover and sales transactions, highlighting that the mere absence of forms does not automatically imply goods movement and sale without proper accounting. The court clarified the requirements under the Central Sales Tax Act, emphasizing the need for substantial proof of goods movement for the assessing officer to infer a sale. Case-Laws VAT and Sales Tax Thu, 13 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161823