https://www.taxtmi.com/caselaws?id=167816 A factual estimation of taxable turnover based on the record will not be disturbed in tax revision unless the finding is perverse, illegal, or raises a question of law. The Tribunal reduced the estimated turnover after accepting the basis of assessment but finding the quantum excessive on available materials, and deleted penalty because no specific concealment of turnover was shown. The High Court held that both conclusions rested on valid evidence and factual appreciation, so no legal infirmity arose for interference. The revision was therefore not maintainable on the facts found. en-us Fri, 20 Jan 2012 00:00:00 +0530 Fri, 09 Jan 2015 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=167816 A factual estimation of taxable turnover based on the record will not be disturbed in tax revision unless the finding is perverse, illegal, or raises a question of law. The Tribunal reduced the estimated turnover after accepting the basis of assessment but finding the quantum excessive on available materials, and deleted penalty because no specific concealment of turnover was shown. The High Court held that both conclusions rested on valid evidence and factual appreciation, so no legal infirmity arose for interference. The revision was therefore not maintainable on the facts found. Case-Laws VAT and Sales Tax Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=167816