https://www.taxtmi.com/caselaws?id=334064 The Supreme Court upheld the Tribunal's decision affirming the rejection of the revisionist's books of accounts by the assessing authority and proceeding with a best judgment assessment due to the revisionist's failure to produce relevant records during inspections. The Deputy Commissioner (Appeals) reduced the evaded turnover, a decision upheld by the Tribunal. The Court emphasized the assessing authority's reliance on non-production of books during inspection and undisclosed transactions found, citing legal principles that support rejection of books in such circumstances. Ultimately, the Court dismissed the revision, highlighting the importance of maintaining accurate records and consequences of non-compliance during inspections. en-us Wed, 05 Oct 2016 00:00:00 +0530 Thu, 03 Nov 2016 09:41:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334064 The Supreme Court upheld the Tribunal's decision affirming the rejection of the revisionist's books of accounts by the assessing authority and proceeding with a best judgment assessment due to the revisionist's failure to produce relevant records during inspections. The Deputy Commissioner (Appeals) reduced the evaded turnover, a decision upheld by the Tribunal. The Court emphasized the assessing authority's reliance on non-production of books during inspection and undisclosed transactions found, citing legal principles that support rejection of books in such circumstances. Ultimately, the Court dismissed the revision, highlighting the importance of maintaining accurate records and consequences of non-compliance during inspections. Case-Laws VAT and Sales Tax Wed, 05 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334064