https://www.taxtmi.com/caselaws?id=401481 In a best judgment assessment under the U.P. Value Added Tax Act, 2008, an estimate of escaped turnover must be based on an honest, intelligent and rational appraisal of the material on record, not on conjecture or a mechanical extension from one non-genuine invoice. The Court held that a single fake invoice of small value did not justify enhancing evaded sales to the entire disclosed turnover because the estimate lacked a reasonable nexus to the discovered material. The enhancement was therefore not justified, and the evaded sales were restricted to 10% of the disclosed sales, with the revision partly allowed in favour of the assessee. en-us Wed, 02 Dec 2020 00:00:00 +0530 Wed, 09 Dec 2020 09:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401481 In a best judgment assessment under the U.P. Value Added Tax Act, 2008, an estimate of escaped turnover must be based on an honest, intelligent and rational appraisal of the material on record, not on conjecture or a mechanical extension from one non-genuine invoice. The Court held that a single fake invoice of small value did not justify enhancing evaded sales to the entire disclosed turnover because the estimate lacked a reasonable nexus to the discovered material. The enhancement was therefore not justified, and the evaded sales were restricted to 10% of the disclosed sales, with the revision partly allowed in favour of the assessee. Case-Laws VAT and Sales Tax Wed, 02 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401481