https://www.taxtmi.com/caselaws?id=164068 The Tribunal's limited estimate of taxable turnover and corresponding penalty relief was sustained because the accounts contained defects such as missing stock records, unsupported purchases, and incomplete documentation, yet those defects did not justify the larger addition made by the assessing authority. It accepted that the gross profit rate was normal for the business and that adopting the entire inter-State purchases turnover for estimation was unwarranted. The revision court found the Tribunal's partial relief consistent with the sales tax provisions and held that the matter turned on factual appraisal rather than any substantial question of law. The revision was therefore not entertained. en-us Wed, 15 Apr 2009 00:00:00 +0530 Thu, 17 Apr 2014 12:33:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164068 The Tribunal's limited estimate of taxable turnover and corresponding penalty relief was sustained because the accounts contained defects such as missing stock records, unsupported purchases, and incomplete documentation, yet those defects did not justify the larger addition made by the assessing authority. It accepted that the gross profit rate was normal for the business and that adopting the entire inter-State purchases turnover for estimation was unwarranted. The revision court found the Tribunal's partial relief consistent with the sales tax provisions and held that the matter turned on factual appraisal rather than any substantial question of law. The revision was therefore not entertained. Case-Laws VAT and Sales Tax Wed, 15 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164068