https://www.taxtmi.com/caselaws?id=164549 Compounding estimates made for fee purposes do not bind regular sales tax assessment, because the assessing officer retains the duty to determine taxable turnover and may reject incomplete or unreliable books; however, if seized records fully cover clandestine transactions and correlate with the returns and books, further addition may be unwarranted. The burden is on the assessee to establish that correlation. On purchase tax, diamonds and precious stones used in studded ornaments may not attract levy under section 5A if they were separately billed and already taxed at the sale point, but that factual position required verification. The Tribunal and first appellate order were set aside and the matter remanded for fresh assessment. en-us Mon, 02 Mar 2009 00:00:00 +0530 Sat, 15 Nov 2014 11:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164549 Compounding estimates made for fee purposes do not bind regular sales tax assessment, because the assessing officer retains the duty to determine taxable turnover and may reject incomplete or unreliable books; however, if seized records fully cover clandestine transactions and correlate with the returns and books, further addition may be unwarranted. The burden is on the assessee to establish that correlation. On purchase tax, diamonds and precious stones used in studded ornaments may not attract levy under section 5A if they were separately billed and already taxed at the sale point, but that factual position required verification. The Tribunal and first appellate order were set aside and the matter remanded for fresh assessment. Case-Laws VAT and Sales Tax Mon, 02 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164549