https://www.taxtmi.com/caselaws?id=387092 The court allowed the revision and rejected the claim based on surmises and conjectures, emphasizing the necessity of concrete evidence in establishing tax liability. It highlighted that suspicions alone cannot create tax liability, and revenue authorities must conduct proper inquiries to support their findings. Speculative assessments without factual evidence are insufficient to establish tax liability, underscoring the importance of relying on concrete evidence in tax assessments. en-us Tue, 15 Oct 2019 00:00:00 +0530 Thu, 17 Oct 2019 08:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=387092 The court allowed the revision and rejected the claim based on surmises and conjectures, emphasizing the necessity of concrete evidence in establishing tax liability. It highlighted that suspicions alone cannot create tax liability, and revenue authorities must conduct proper inquiries to support their findings. Speculative assessments without factual evidence are insufficient to establish tax liability, underscoring the importance of relying on concrete evidence in tax assessments. Case-Laws VAT and Sales Tax Tue, 15 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=387092