https://www.taxtmi.com/caselaws?id=383428 The Court set aside the Tribunal's order on quantification grounds and affirmed the first appeal authority's decision in favor of the assessee. The rejection of accounts was upheld due to lack of evidence supporting the assessee's explanation, but the Tribunal's quantification of tax liability based on undisclosed sales was found lacking substantiation. The first appeal authority's detailed valuation, quantifying the liability at Rs. 1,000, was deemed reasonable, with no evidence of further unaccounted sales found throughout the year. en-us Fri, 19 Jul 2019 00:00:00 +0530 Wed, 24 Jul 2019 07:35:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383428 The Court set aside the Tribunal's order on quantification grounds and affirmed the first appeal authority's decision in favor of the assessee. The rejection of accounts was upheld due to lack of evidence supporting the assessee's explanation, but the Tribunal's quantification of tax liability based on undisclosed sales was found lacking substantiation. The first appeal authority's detailed valuation, quantifying the liability at Rs. 1,000, was deemed reasonable, with no evidence of further unaccounted sales found throughout the year. Case-Laws VAT and Sales Tax Fri, 19 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383428