https://www.taxtmi.com/caselaws?id=164351 Estimation of turnover based on the assessee's accounts was upheld because the authorities treated the abnormal loss in kerosene as suspicious, the assessee gave no acceptable explanation, and the finding of sales suppression was accepted as a factual determination. Penalty under section 12(3)(b) of the Tamil Nadu General Sales Tax Act, 1959 was nevertheless deleted because the assessment was made on the basis of the books and accounts produced by the assessee, not on a best judgment estimate or extraneous material. The revision succeeded only to that limited extent, with the turnover assessment otherwise sustained. en-us Thu, 13 Nov 2008 00:00:00 +0530 Mon, 24 Nov 2014 20:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164351 Estimation of turnover based on the assessee's accounts was upheld because the authorities treated the abnormal loss in kerosene as suspicious, the assessee gave no acceptable explanation, and the finding of sales suppression was accepted as a factual determination. Penalty under section 12(3)(b) of the Tamil Nadu General Sales Tax Act, 1959 was nevertheless deleted because the assessment was made on the basis of the books and accounts produced by the assessee, not on a best judgment estimate or extraneous material. The revision succeeded only to that limited extent, with the turnover assessment otherwise sustained. Case-Laws VAT and Sales Tax Thu, 13 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164351