https://www.taxtmi.com/caselaws?id=163041 An assessment based only on surveys not relatable to the relevant assessment year, and without a finding of actual manufacture or sale during that year, cannot stand on presumption alone and was set aside for 1980-81. By contrast, where contemporaneous survey material showed a functional kiln, coal, manufactured bricks, and ongoing work, rejection of account books and estimation of turnover were supported by material and disclosed no jurisdictional error for 1981-82. The stated principle is that conjecture cannot sustain an assessment, but survey evidence of undisclosed manufacturing activity can justify rejection of books and turnover estimation. en-us Thu, 03 Jan 2008 00:00:00 +0530 Wed, 17 Dec 2014 09:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163041 An assessment based only on surveys not relatable to the relevant assessment year, and without a finding of actual manufacture or sale during that year, cannot stand on presumption alone and was set aside for 1980-81. By contrast, where contemporaneous survey material showed a functional kiln, coal, manufactured bricks, and ongoing work, rejection of account books and estimation of turnover were supported by material and disclosed no jurisdictional error for 1981-82. The stated principle is that conjecture cannot sustain an assessment, but survey evidence of undisclosed manufacturing activity can justify rejection of books and turnover estimation. Case-Laws VAT and Sales Tax Thu, 03 Jan 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163041