https://www.taxtmi.com/caselaws?id=162208 Unreliable books and returns, supported by inspection discrepancies, justified estimation of taxable turnover under section 5-A for cooked food and consumable purchases. Where the assessee produced no material to show that the balance purchases were not liable to tax, the appellate authorities' restriction of the taxable element to 50 per cent was treated as reasonable and no further interference was warranted. The addition for stock variation in foreign liquor was also sustained because the excess and shortage findings had already been reduced adequately on the material available, and no further relief was shown to be necessary. en-us Thu, 22 May 2003 00:00:00 +0530 Thu, 20 Feb 2014 17:48:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162208 Unreliable books and returns, supported by inspection discrepancies, justified estimation of taxable turnover under section 5-A for cooked food and consumable purchases. Where the assessee produced no material to show that the balance purchases were not liable to tax, the appellate authorities' restriction of the taxable element to 50 per cent was treated as reasonable and no further interference was warranted. The addition for stock variation in foreign liquor was also sustained because the excess and shortage findings had already been reduced adequately on the material available, and no further relief was shown to be necessary. Case-Laws VAT and Sales Tax Thu, 22 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162208