https://www.taxtmi.com/caselaws?id=383503 The Court ruled in favor of the assessee, highlighting the lack of incriminating evidence to justify the rejection of account books. Despite a discrepancy between recorded stock and survey findings, the Court found no basis for rejecting the books or estimating turnover. Emphasizing the importance of concrete proof in assessments, the Court allowed the revision, underscoring the need to consider actual circumstances and evidence before resorting to best judgment assessments. en-us Thu, 18 Jul 2019 00:00:00 +0530 Thu, 25 Jul 2019 08:49:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383503 The Court ruled in favor of the assessee, highlighting the lack of incriminating evidence to justify the rejection of account books. Despite a discrepancy between recorded stock and survey findings, the Court found no basis for rejecting the books or estimating turnover. Emphasizing the importance of concrete proof in assessments, the Court allowed the revision, underscoring the need to consider actual circumstances and evidence before resorting to best judgment assessments. Case-Laws VAT and Sales Tax Thu, 18 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383503