https://www.taxtmi.com/caselaws?id=274808 In best judgment assessment under the Trade Tax Act, the authorities accepted the dealer's sales turnover but, because no supporting records or material evidence were produced, rejected the claim for deduction of alleged chemical treatment and ozonisation expenses. The dealer also failed to establish the claimed wheat purchases and the composition of the goods. On that basis, the purchase value of wheat was computed on an average sale price using reasonable available material, and the assessment was found free from illegality, infirmity, or perversity. The computation and rejection of the expense claim were upheld. en-us Mon, 17 Jul 2017 00:00:00 +0530 Wed, 05 Sep 2018 06:47:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274808 In best judgment assessment under the Trade Tax Act, the authorities accepted the dealer's sales turnover but, because no supporting records or material evidence were produced, rejected the claim for deduction of alleged chemical treatment and ozonisation expenses. The dealer also failed to establish the claimed wheat purchases and the composition of the goods. On that basis, the purchase value of wheat was computed on an average sale price using reasonable available material, and the assessment was found free from illegality, infirmity, or perversity. The computation and rejection of the expense claim were upheld. Case-Laws VAT and Sales Tax Mon, 17 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274808