https://www.taxtmi.com/caselaws?id=420806 The Court reduced the estimated turnover amounts in a best judgment assessment case, emphasizing that assessments should not be capricious. Input Tax Credit was granted based on previous judgments, remanding the matter for recomputation. The correct tax rate was applied on goods found during a survey, making the dealer eligible for input tax credit. Account books rejection based on a survey was partially allowed, with the Assessing Authority directed to reassess taxable turnover and input tax credit. en-us Mon, 04 Apr 2022 00:00:00 +0530 Mon, 11 Apr 2022 08:39:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420806 The Court reduced the estimated turnover amounts in a best judgment assessment case, emphasizing that assessments should not be capricious. Input Tax Credit was granted based on previous judgments, remanding the matter for recomputation. The correct tax rate was applied on goods found during a survey, making the dealer eligible for input tax credit. Account books rejection based on a survey was partially allowed, with the Assessing Authority directed to reassess taxable turnover and input tax credit. Case-Laws VAT and Sales Tax Mon, 04 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420806