https://www.taxtmi.com/caselaws?id=334881 The High Court set aside the Tribunal's decision upholding the assessing authority's rejection of the revisionist's books of accounts and assessment of turnover on a best judgment basis for the assessment year 2003-04. The Court found that the loose papers seized during a survey did not relate to the revisionist's business, and the evidence provided by the revisionist was disregarded without valid reasons. As the revenue failed to prove a taxable event and the authorities' actions were deemed unsustainable, the revision was allowed, overturning the previous orders. en-us Wed, 27 Jul 2016 00:00:00 +0530 Wed, 23 Nov 2016 12:59:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334881 The High Court set aside the Tribunal's decision upholding the assessing authority's rejection of the revisionist's books of accounts and assessment of turnover on a best judgment basis for the assessment year 2003-04. The Court found that the loose papers seized during a survey did not relate to the revisionist's business, and the evidence provided by the revisionist was disregarded without valid reasons. As the revenue failed to prove a taxable event and the authorities' actions were deemed unsustainable, the revision was allowed, overturning the previous orders. Case-Laws VAT and Sales Tax Wed, 27 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334881