https://www.taxtmi.com/caselaws?id=164890 An enhanced turnover apportionment ratio for brasswares was held unsustainable where the appellate authority departed from the assessing authority's reasoned allocation without independent or acceptable material. The commentary also notes that penalty under section 12(3)(b) read with Explanation (1) is not attracted when the addition arises only from classification or apportionment of turnover, and not from concealed turnover or a separately added estimate based on account suppression. The result was interference with the turnover ratio and deletion of the penalty levy in favour of the assessee. en-us Wed, 02 Feb 2011 00:00:00 +0530 Wed, 17 Sep 2014 08:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=164890 An enhanced turnover apportionment ratio for brasswares was held unsustainable where the appellate authority departed from the assessing authority's reasoned allocation without independent or acceptable material. The commentary also notes that penalty under section 12(3)(b) read with Explanation (1) is not attracted when the addition arises only from classification or apportionment of turnover, and not from concealed turnover or a separately added estimate based on account suppression. The result was interference with the turnover ratio and deletion of the penalty levy in favour of the assessee. Case-Laws VAT and Sales Tax Wed, 02 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=164890