https://www.taxtmi.com/caselaws?id=163638 The court dismissed the tax revision cases related to a retail dealer in arrack for the assessment year 1991-92. The court found that the petitioner's non-maintenance of proper accounts, estimation of sales turnover, and justification of assessment lacked credibility and factual basis. Despite the petitioner's arguments, the court upheld the Tribunal's decision on the market price and assessment, emphasizing the solid basis for estimation. Consequently, the court ruled in favor of the Tribunal, dismissing the tax revision cases for lack of merit. en-us Mon, 31 Jul 2006 00:00:00 +0530 Sat, 05 Apr 2014 17:26:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=163638 The court dismissed the tax revision cases related to a retail dealer in arrack for the assessment year 1991-92. The court found that the petitioner's non-maintenance of proper accounts, estimation of sales turnover, and justification of assessment lacked credibility and factual basis. Despite the petitioner's arguments, the court upheld the Tribunal's decision on the market price and assessment, emphasizing the solid basis for estimation. Consequently, the court ruled in favor of the Tribunal, dismissing the tax revision cases for lack of merit. Case-Laws VAT and Sales Tax Mon, 31 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=163638