https://www.taxtmi.com/caselaws?id=162203 Rejecting an estimate of arrack turnover requires primary material showing suppression, unaccounted purchases, or taxable sales beyond the accounts. Here, the assessee's purchases were shown as intra-State and tax-paid, inspections revealed only minor shortages with no excess stock, and no evidence established outside-State purchases or undisclosed transactions. On that record, mere reference to a higher returned turnover was insufficient to justify rejecting the books or estimating taxable turnover. The Tribunal's view that the recorded turnover represented second sales and that estimation could not rest on presumption was upheld, and the revision failed. en-us Wed, 22 Jan 2003 00:00:00 +0530 Thu, 20 Feb 2014 17:19:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162203 Rejecting an estimate of arrack turnover requires primary material showing suppression, unaccounted purchases, or taxable sales beyond the accounts. Here, the assessee's purchases were shown as intra-State and tax-paid, inspections revealed only minor shortages with no excess stock, and no evidence established outside-State purchases or undisclosed transactions. On that record, mere reference to a higher returned turnover was insufficient to justify rejecting the books or estimating taxable turnover. The Tribunal's view that the recorded turnover represented second sales and that estimation could not rest on presumption was upheld, and the revision failed. Case-Laws VAT and Sales Tax Wed, 22 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162203