https://www.taxtmi.com/caselaws?id=275980 Where a dealer is under a statutory duty to issue cash memos or credit memos and fails to comply, the account books may be rejected because the omission affects their reliability. Once the books are rejected, the disclosed turnover does not bind the taxing authority if it was itself only an estimate, and the taxable turnover may be sustained on the basis of past history and surrounding circumstances. The assessment based on rejection of accounts and estimated turnover was therefore maintained. en-us Wed, 24 Sep 1980 00:00:00 +0530 Wed, 24 Oct 2018 17:03:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275980 Where a dealer is under a statutory duty to issue cash memos or credit memos and fails to comply, the account books may be rejected because the omission affects their reliability. Once the books are rejected, the disclosed turnover does not bind the taxing authority if it was itself only an estimate, and the taxable turnover may be sustained on the basis of past history and surrounding circumstances. The assessment based on rejection of accounts and estimated turnover was therefore maintained. Case-Laws VAT and Sales Tax Wed, 24 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275980