Court Dismisses Revenue's Claims on Assessee's Sales Turnover, Finds No Evidence of Abnormality or Inconceivability.

Court Dismisses Revenue's Claims on Assessee's Sales Turnover, Finds No Evidence of Abnormality or Inconceivability. https://www.taxtmi.com/highlights?id=33396 Rejection of books of accounts - undervaluation of sales turnover - permissible transportation loss - there was nothing on record for the revenue to hold that the figures disclosed by the assessee were abnormally high or that it was otherwise inconceivable. - HC en-us Wed, 22 Feb 2017 13:51:02 +0530 Wed, 22 Feb 2017 13:51:02 +0530 TaxTMI RSS Generator Court Dismisses Revenue's Claims on Assessee's Sales Turnover, Finds No Evidence of Abnormality or Inconceivability. https://www.taxtmi.com/highlights?id=33396 Rejection of books of accounts - undervaluation of sales turnover - permissible transportation loss - there was nothing on record for the revenue to hold that the figures disclosed by the assessee were abnormally high or that it was otherwise inconceivable. - HC Highlights VAT and Sales Tax Wed, 22 Feb 2017 13:51:02 +0530 https://www.taxtmi.com/highlights?id=33396