https://www.taxtmi.com/caselaws?id=424131 In a best judgment assessment under the Orissa Sales Tax Act, an enhancement of taxable turnover based on detected suppression was upheld where the appellate authority limited the estimate to three times the actual suppression after considering that the dealer had been in business for only four months. The HC held that the Tribunal failed to give proper weight to the short duration of business and the resulting risk that a newly started dealer may not yet be fully familiar with statutory requirements. The appellate estimate was treated as reasonable and non-arbitrary, so the Tribunal's restoration of the original assessment was set aside. en-us Mon, 20 Jun 2022 00:00:00 +0530 Thu, 23 Jun 2022 09:22:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424131 In a best judgment assessment under the Orissa Sales Tax Act, an enhancement of taxable turnover based on detected suppression was upheld where the appellate authority limited the estimate to three times the actual suppression after considering that the dealer had been in business for only four months. The HC held that the Tribunal failed to give proper weight to the short duration of business and the resulting risk that a newly started dealer may not yet be fully familiar with statutory requirements. The appellate estimate was treated as reasonable and non-arbitrary, so the Tribunal's restoration of the original assessment was set aside. Case-Laws VAT and Sales Tax Mon, 20 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424131