https://www.taxtmi.com/caselaws?id=388576 The High Court dismissed the revision against the Commercial Tax Tribunal's order confirming the turnover and tax estimation for the assessment year 2005-06. Despite noting deficiencies in the Tribunal's reasoning, the Court upheld the rejection of the assessee's books of accounts due to significant undisclosed transactions found during a survey. The Court emphasized the need for thorough consideration of grounds raised by the assessee but ultimately granted relief by reducing the tax liability. The dismissal of the revision left the question of law open for future cases. en-us Thu, 07 Nov 2019 00:00:00 +0530 Tue, 19 Nov 2019 10:52:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388576 The High Court dismissed the revision against the Commercial Tax Tribunal's order confirming the turnover and tax estimation for the assessment year 2005-06. Despite noting deficiencies in the Tribunal's reasoning, the Court upheld the rejection of the assessee's books of accounts due to significant undisclosed transactions found during a survey. The Court emphasized the need for thorough consideration of grounds raised by the assessee but ultimately granted relief by reducing the tax liability. The dismissal of the revision left the question of law open for future cases. Case-Laws VAT and Sales Tax Thu, 07 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388576