https://www.taxtmi.com/highlights?id=54329 Validity of Estimation of turnover - The assessee sells liquor on retail, after purchasing the same from the Kerala State Beverages Corporation. The purchase value cannot be a reference to decide on the assessee's sale price since the assessee offers a premises for the customer to consume alcohol - The estimation has been made on mere surmises and conjectures. There is absolutely no rational basis to reject the books of accounts. - HC en-us Thu, 13 Aug 2020 09:32:17 +0530 Thu, 13 Aug 2020 09:32:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54329 Validity of Estimation of turnover - The assessee sells liquor on retail, after purchasing the same from the Kerala State Beverages Corporation. The purchase value cannot be a reference to decide on the assessee's sale price since the assessee offers a premises for the customer to consume alcohol - The estimation has been made on mere surmises and conjectures. There is absolutely no rational basis to reject the books of accounts. - HC Highlights VAT and Sales Tax Thu, 13 Aug 2020 09:32:17 +0530 https://www.taxtmi.com/highlights?id=54329