https://www.taxtmi.com/caselaws?id=168965 Where the final fact-finding authority records that goods seized during vehicular check were already accounted for in the books and no suppression of purchases or sales is proved, a best judgment assessment cannot be sustained. On those factual findings, the consequential penalty also falls, because the apparent discrepancy in the documents does not by itself establish evasion or suppression. The Madras High Court upheld the Tribunal's conclusion that the additional assessment and related penalty were not justified. en-us Wed, 25 Sep 2013 00:00:00 +0530 Mon, 06 Apr 2015 20:05:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168965 Where the final fact-finding authority records that goods seized during vehicular check were already accounted for in the books and no suppression of purchases or sales is proved, a best judgment assessment cannot be sustained. On those factual findings, the consequential penalty also falls, because the apparent discrepancy in the documents does not by itself establish evasion or suppression. The Madras High Court upheld the Tribunal's conclusion that the additional assessment and related penalty were not justified. Case-Laws VAT and Sales Tax Wed, 25 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168965