https://www.taxtmi.com/caselaws?id=362926 Where a first appellate authority makes a reasoned factual estimate of suppressed purchase and sales turnover on survey material and seized invoices, a later appellate forum cannot disturb that estimate without cogent reasons. Here, the books were rejected after a survey and irregularities in invoice records were found, but the first appellate authority reduced the estimated evaded turnover after examining the disputed invoices and business circumstances. The Tribunal enhanced the estimate without adequately addressing that factual assessment. The High Court restored the first appellate authority's estimate and modified the tax consequence accordingly, so the Tribunal's enhancement of liability did not survive. en-us Wed, 04 Jul 2018 00:00:00 +0530 Fri, 06 Jul 2018 07:51:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362926 Where a first appellate authority makes a reasoned factual estimate of suppressed purchase and sales turnover on survey material and seized invoices, a later appellate forum cannot disturb that estimate without cogent reasons. Here, the books were rejected after a survey and irregularities in invoice records were found, but the first appellate authority reduced the estimated evaded turnover after examining the disputed invoices and business circumstances. The Tribunal enhanced the estimate without adequately addressing that factual assessment. The High Court restored the first appellate authority's estimate and modified the tax consequence accordingly, so the Tribunal's enhancement of liability did not survive. Case-Laws VAT and Sales Tax Wed, 04 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362926