https://www.taxtmi.com/caselaws?id=292179 The High Court partially allowed the revision, setting the undisclosed turnover estimation at Rs. 50,000 instead of the previously determined amount of Rs. 5,25,000. The Court found the excessive estimation unsupported by substantial evidence and unsustainable, emphasizing the need for proportionality in such estimations. Additionally, the Court upheld the rejection of books of account based on the discovery of unaccounted bills during a survey. The decision aimed to bring closure to the dispute, considering the prolonged duration since the assessment year and changes in tax laws. en-us Fri, 20 Sep 2019 00:00:00 +0530 Thu, 10 Dec 2020 05:25:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292179 The High Court partially allowed the revision, setting the undisclosed turnover estimation at Rs. 50,000 instead of the previously determined amount of Rs. 5,25,000. The Court found the excessive estimation unsupported by substantial evidence and unsustainable, emphasizing the need for proportionality in such estimations. Additionally, the Court upheld the rejection of books of account based on the discovery of unaccounted bills during a survey. The decision aimed to bring closure to the dispute, considering the prolonged duration since the assessment year and changes in tax laws. Case-Laws VAT and Sales Tax Fri, 20 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292179