https://www.taxtmi.com/caselaws?id=349946 Accepted belated returns, once taken on record after payment of composition fee, could not be ignored for the purpose of best judgment assessment. The HC held that the Assessing Officer needed material support before estimating suppressed purchases and sales, and could not proceed on conjecture or treat the returns as unfiled merely because they were submitted after inspection. Applying the principle that only excess sales not covered by purchases may be brought to tax where suppression is alleged, the Court found the assessment unsustainable, set aside the orders, and remitted the matters for fresh consideration in accordance with law. en-us Mon, 04 Sep 2017 00:00:00 +0530 Sat, 28 Oct 2017 08:15:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349946 Accepted belated returns, once taken on record after payment of composition fee, could not be ignored for the purpose of best judgment assessment. The HC held that the Assessing Officer needed material support before estimating suppressed purchases and sales, and could not proceed on conjecture or treat the returns as unfiled merely because they were submitted after inspection. Applying the principle that only excess sales not covered by purchases may be brought to tax where suppression is alleged, the Court found the assessment unsustainable, set aside the orders, and remitted the matters for fresh consideration in accordance with law. Case-Laws VAT and Sales Tax Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349946