https://www.taxtmi.com/caselaws?id=768649 The SC found the Commercial Tax Tribunal's assessment invalid. The tribunal improperly rejected account books and relied on unreliable eye estimation methods without actual weighment. The court quashed the assessment order, ruling that stock calculations must be based on credible evidence, not mere visual estimates. The decision favored the assessee and established stricter standards for tax assessment methodologies. en-us Tue, 08 Apr 2025 00:00:00 +0530 Fri, 11 Apr 2025 08:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768649 The SC found the Commercial Tax Tribunal's assessment invalid. The tribunal improperly rejected account books and relied on unreliable eye estimation methods without actual weighment. The court quashed the assessment order, ruling that stock calculations must be based on credible evidence, not mere visual estimates. The decision favored the assessee and established stricter standards for tax assessment methodologies. Case-Laws VAT / Sales Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768649