https://www.taxtmi.com/caselaws?id=188714 Detection of suppression of purchases justified rejection of the books and resort to best judgment assessment; the addition for probable omissions was treated as a valid exercise of assessing power and not arbitrary or without jurisdiction. Once the turnover determined on that basis crossed the statutory limit, the dealer could no longer remain under the presumptive taxation scheme under Section 6(5) of the Kerala Value Added Tax Act, 2003 and became liable under the regular provisions. A dealer opting for presumptive taxation cannot simultaneously claim input tax credit, and wilful suppression further disentitled the claim. en-us Mon, 13 Aug 2012 00:00:00 +0530 Wed, 14 Dec 2016 12:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188714 Detection of suppression of purchases justified rejection of the books and resort to best judgment assessment; the addition for probable omissions was treated as a valid exercise of assessing power and not arbitrary or without jurisdiction. Once the turnover determined on that basis crossed the statutory limit, the dealer could no longer remain under the presumptive taxation scheme under Section 6(5) of the Kerala Value Added Tax Act, 2003 and became liable under the regular provisions. A dealer opting for presumptive taxation cannot simultaneously claim input tax credit, and wilful suppression further disentitled the claim. Case-Laws VAT and Sales Tax Mon, 13 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188714