https://www.taxtmi.com/caselaws?id=250142 Rejection of books of account and enhancement of turnover on best judgment basis must rest on reliable material and a reasonable foundation; the Tribunal had to consider the assessee's explanation on stock discrepancies and the past accepted turnovers, and its failure to do so made the sustained rejection and enhanced turnover unsustainable. The levy of entry tax on cement and saria also required merits-based examination because the assessee specifically challenged the abolition of entry tax on cement from 19.02.2010 and the applicable notification fixing entry tax on saria at 1%, but those objections were not addressed by the lower authorities. The revisional court therefore set aside the common order and remanded both appeals for fresh decision after hearing both sides. en-us Fri, 13 Jun 2014 00:00:00 +0530 Mon, 04 Aug 2014 12:06:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250142 Rejection of books of account and enhancement of turnover on best judgment basis must rest on reliable material and a reasonable foundation; the Tribunal had to consider the assessee's explanation on stock discrepancies and the past accepted turnovers, and its failure to do so made the sustained rejection and enhanced turnover unsustainable. The levy of entry tax on cement and saria also required merits-based examination because the assessee specifically challenged the abolition of entry tax on cement from 19.02.2010 and the applicable notification fixing entry tax on saria at 1%, but those objections were not addressed by the lower authorities. The revisional court therefore set aside the common order and remanded both appeals for fresh decision after hearing both sides. Case-Laws VAT and Sales Tax Fri, 13 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250142