https://www.taxtmi.com/caselaws?id=285466 Survey material showing absence of books at the disclosed business premises, non-verification of alleged contractors, and other discrepancies justified rejection of the accounts as unreliable. On that basis, best judgment assessment and estimation of turnover were upheld because the record did not reflect genuine manufacturing activity or actual transactions. The Tribunal was also entitled to consider the first appellate findings along with the survey reports and independently assess the surrounding circumstances before restoring the assessment order. The Revenue's position was sustained, and the challenge to the restored assessment failed. en-us Wed, 09 Jan 2019 00:00:00 +0530 Mon, 13 Jan 2020 20:17:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285466 Survey material showing absence of books at the disclosed business premises, non-verification of alleged contractors, and other discrepancies justified rejection of the accounts as unreliable. On that basis, best judgment assessment and estimation of turnover were upheld because the record did not reflect genuine manufacturing activity or actual transactions. The Tribunal was also entitled to consider the first appellate findings along with the survey reports and independently assess the surrounding circumstances before restoring the assessment order. The Revenue's position was sustained, and the challenge to the restored assessment failed. Case-Laws VAT and Sales Tax Wed, 09 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285466