https://www.taxtmi.com/caselaws?id=164581 Mere absence of Form XXXI, without material showing an intention to evade tax, did not justify rejection of the assessee's accounts where the seized goods were raw material and the books reflected tax payment on manufactured goods. The rejection of accounts was therefore set aside. On the same facts, the turnover estimate could not be sustained because the seizure related only to raw material and the basis for taxing it was absent. The estimate of turnover was accordingly held unjustified, and the revision succeeded with the tribunal's order set aside. en-us Mon, 11 Jan 2010 00:00:00 +0530 Sat, 26 Apr 2014 12:18:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164581 Mere absence of Form XXXI, without material showing an intention to evade tax, did not justify rejection of the assessee's accounts where the seized goods were raw material and the books reflected tax payment on manufactured goods. The rejection of accounts was therefore set aside. On the same facts, the turnover estimate could not be sustained because the seizure related only to raw material and the basis for taxing it was absent. The estimate of turnover was accordingly held unjustified, and the revision succeeded with the tribunal's order set aside. Case-Laws VAT and Sales Tax Mon, 11 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164581