https://www.taxtmi.com/caselaws?id=357890 Rejection of books of account and resulting enhancement of taxable turnover and penalty could not be sustained where the first appellate authority had found the assessing authority's approach arbitrary and contrary to the purchase vouchers on record. The Tribunal affirmed the rejection in a cursory manner without properly addressing the contradictory factual findings or the material evidence produced by the assessee. On that basis, the adverse findings on accounts and the consequential additions and penalty were set aside, and the matter was decided in favour of the assessee. en-us Fri, 08 Sep 2017 00:00:00 +0530 Mon, 02 Apr 2018 08:18:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357890 Rejection of books of account and resulting enhancement of taxable turnover and penalty could not be sustained where the first appellate authority had found the assessing authority's approach arbitrary and contrary to the purchase vouchers on record. The Tribunal affirmed the rejection in a cursory manner without properly addressing the contradictory factual findings or the material evidence produced by the assessee. On that basis, the adverse findings on accounts and the consequential additions and penalty were set aside, and the matter was decided in favour of the assessee. Case-Laws VAT and Sales Tax Fri, 08 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357890