https://www.taxtmi.com/caselaws?id=394765 Books of account cannot be rejected merely because they were not available at the time of survey if they are later produced and no specific defect, discrepancy, suppression, or unreliability is shown. Where the assessment rests only on non-production during survey and the authorities do not record any concrete infirmity in the books or stock position, best judgment assessment is unsustainable. The Tribunal, as final fact-finding authority, must consider the assessee's objections on merits and give a reasoned finding rather than rely only on the earlier appellate conclusion. The HC set aside the Tribunal's order and directed reconsideration on merits. en-us Mon, 13 Apr 2020 00:00:00 +0530 Thu, 15 Oct 2020 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394765 Books of account cannot be rejected merely because they were not available at the time of survey if they are later produced and no specific defect, discrepancy, suppression, or unreliability is shown. Where the assessment rests only on non-production during survey and the authorities do not record any concrete infirmity in the books or stock position, best judgment assessment is unsustainable. The Tribunal, as final fact-finding authority, must consider the assessee's objections on merits and give a reasoned finding rather than rely only on the earlier appellate conclusion. The HC set aside the Tribunal's order and directed reconsideration on merits. Case-Laws VAT and Sales Tax Mon, 13 Apr 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394765