https://www.taxtmi.com/caselaws?id=395331 Suppression of turnover detected on inspection justified rejection of the VAT return and estimation on best judgment where the accounts were not reliable. Compounding of the offence and payment of tax and penalty did not prevent assessment of escaped turnover when the estimate had a rational nexus to the detected suppression. The revisional authority could also invoke Section 64(1) because the appellate order was erroneous and prejudicial to the Revenue in overlooking the admitted suppression and governing principles on estimation. The Revenue's stand was upheld and the assessee's challenge failed. en-us Wed, 11 Mar 2020 00:00:00 +0530 Wed, 16 Jun 2021 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395331 Suppression of turnover detected on inspection justified rejection of the VAT return and estimation on best judgment where the accounts were not reliable. Compounding of the offence and payment of tax and penalty did not prevent assessment of escaped turnover when the estimate had a rational nexus to the detected suppression. The revisional authority could also invoke Section 64(1) because the appellate order was erroneous and prejudicial to the Revenue in overlooking the admitted suppression and governing principles on estimation. The Revenue's stand was upheld and the assessee's challenge failed. Case-Laws VAT and Sales Tax Wed, 11 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395331