https://www.taxtmi.com/caselaws?id=165854 An estimate of suppressed turnover based only on a statistical survey of one superior grade of PVC hose pipe was found unreliable where the assessee manufactured three grades and no independent inspection, stock verification, recovery, or other corroborative material supported rejection of the accounts. On that basis, the turnover addition was deleted in favour of the assessee. The penalty under section 12(3)(b) of the TNGST Act also fell away because it was wholly consequential to the unsustainable turnover estimate, and the accounts had not been discredited by acceptable material. The revision therefore failed. en-us Fri, 10 Jun 2011 00:00:00 +0530 Mon, 15 Sep 2014 09:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=165854 An estimate of suppressed turnover based only on a statistical survey of one superior grade of PVC hose pipe was found unreliable where the assessee manufactured three grades and no independent inspection, stock verification, recovery, or other corroborative material supported rejection of the accounts. On that basis, the turnover addition was deleted in favour of the assessee. The penalty under section 12(3)(b) of the TNGST Act also fell away because it was wholly consequential to the unsustainable turnover estimate, and the accounts had not been discredited by acceptable material. The revision therefore failed. Case-Laws VAT and Sales Tax Fri, 10 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=165854