https://www.taxtmi.com/caselaws?id=164764 The High Court of Kerala held that when accounts are incomplete due to material defects like suppression of purchases or sales, the assessing officer can reject books and estimate turnover based on statutory principles. The court upheld the Tribunal's decision to make additions to the assessee's turnover and tax liability based on check-post declarations, emphasizing the legality of best judgment assessments grounded in rationality. The court ruled against the assessee, affirming the assessing authority's discretion in conducting assessments within legal boundaries and established principles, resulting in the rejection of the revision petition. en-us Wed, 09 Jul 2008 00:00:00 +0530 Thu, 04 Dec 2014 18:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164764 The High Court of Kerala held that when accounts are incomplete due to material defects like suppression of purchases or sales, the assessing officer can reject books and estimate turnover based on statutory principles. The court upheld the Tribunal's decision to make additions to the assessee's turnover and tax liability based on check-post declarations, emphasizing the legality of best judgment assessments grounded in rationality. The court ruled against the assessee, affirming the assessing authority's discretion in conducting assessments within legal boundaries and established principles, resulting in the rejection of the revision petition. Case-Laws VAT and Sales Tax Wed, 09 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164764