https://www.taxtmi.com/caselaws?id=330281 Under Section 45A of the Kerala General Sales Tax Act, the authority may estimate turnover and quantify tax or penalty on the basis of recovered materials when the assessee fails to produce primary accounts despite repeated opportunities. The court note also records that a gross profit rate derived from recovered bills can be accepted where the bills are not shown to be unreliable, and the absence of books and supporting vouchers weakens any challenge to the estimation. A gross profit rate of 80% was treated as supportable on the facts noted, with the revised 50% basis also indicating caution in estimation. en-us Thu, 30 Jun 2016 00:00:00 +0530 Wed, 28 Mar 2018 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330281 Under Section 45A of the Kerala General Sales Tax Act, the authority may estimate turnover and quantify tax or penalty on the basis of recovered materials when the assessee fails to produce primary accounts despite repeated opportunities. The court note also records that a gross profit rate derived from recovered bills can be accepted where the bills are not shown to be unreliable, and the absence of books and supporting vouchers weakens any challenge to the estimation. A gross profit rate of 80% was treated as supportable on the facts noted, with the revised 50% basis also indicating caution in estimation. Case-Laws VAT and Sales Tax Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330281