https://www.taxtmi.com/caselaws?id=166366 The High Court allowed the revision filed under section 11 of the U.P. Trade Tax Act, 1948 against the Trade Tax Tribunal's order for the assessment year 2002-03. The Court held that the assessing officer should have accepted the assessee's books of account despite their unavailability during a survey, as mala fide intentions were not proven. A de novo assessment was ordered based on the accepted books, overturning all previous decisions by lower authorities and the Tribunal. The revision was granted in favor of the petitioner, emphasizing the importance of valid reasons for rejecting account books and the necessity for proper assessment based on accepted records. en-us Wed, 20 Apr 2011 00:00:00 +0530 Fri, 19 Sep 2014 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166366 The High Court allowed the revision filed under section 11 of the U.P. Trade Tax Act, 1948 against the Trade Tax Tribunal's order for the assessment year 2002-03. The Court held that the assessing officer should have accepted the assessee's books of account despite their unavailability during a survey, as mala fide intentions were not proven. A de novo assessment was ordered based on the accepted books, overturning all previous decisions by lower authorities and the Tribunal. The revision was granted in favor of the petitioner, emphasizing the importance of valid reasons for rejecting account books and the necessity for proper assessment based on accepted records. Case-Laws VAT and Sales Tax Wed, 20 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166366