https://www.taxtmi.com/caselaws?id=765927 Best judgment assessment under Kerala VAT law requires an independent enquiry and lawful material linking the disputed amount to taxable sales. A mere income-tax addition or disclosure does not, by itself, establish escaped turnover, and the assessing authority cannot presume that other income arose from sales without rejecting the trading account or adducing supporting evidence. Because the record showed no independent nexus between the income-tax treatment and alleged jewellery sales, the turnover estimate was based on conjecture and could not be sustained; the assessment was set aside in favour of the assessee. en-us Thu, 06 Feb 2025 00:00:00 +0530 Thu, 13 Feb 2025 08:36:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765927 Best judgment assessment under Kerala VAT law requires an independent enquiry and lawful material linking the disputed amount to taxable sales. A mere income-tax addition or disclosure does not, by itself, establish escaped turnover, and the assessing authority cannot presume that other income arose from sales without rejecting the trading account or adducing supporting evidence. Because the record showed no independent nexus between the income-tax treatment and alleged jewellery sales, the turnover estimate was based on conjecture and could not be sustained; the assessment was set aside in favour of the assessee. Case-Laws VAT / Sales Tax Thu, 06 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765927