https://www.taxtmi.com/caselaws?id=333765 Books of account under the U.P. Value Added Tax Act, 2008 cannot be rejected unless the assessing authority forms a positive view, on material, that the disclosed turnover is not worthy of credence. A minor survey discrepancy, without evidence of suppression, concealment, or withheld records, is insufficient to justify best judgment assessment. Where the explanation for the discrepancy is not disproved and the turnover estimate lacks empirical, contemporaneous, or otherwise fair and intelligible support, the assessment becomes arbitrary. On these facts, rejection of the books and the best judgment assessment were unsustainable, and the consequential entry tax assessment also failed. en-us Wed, 05 Oct 2016 00:00:00 +0530 Mon, 19 Mar 2018 18:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333765 Books of account under the U.P. Value Added Tax Act, 2008 cannot be rejected unless the assessing authority forms a positive view, on material, that the disclosed turnover is not worthy of credence. A minor survey discrepancy, without evidence of suppression, concealment, or withheld records, is insufficient to justify best judgment assessment. Where the explanation for the discrepancy is not disproved and the turnover estimate lacks empirical, contemporaneous, or otherwise fair and intelligible support, the assessment becomes arbitrary. On these facts, rejection of the books and the best judgment assessment were unsustainable, and the consequential entry tax assessment also failed. Case-Laws VAT and Sales Tax Wed, 05 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333765