https://www.taxtmi.com/caselaws?id=768649 Rejection of books of account and best judgment assessment based solely on survey findings and eye estimation of stock was held unsustainable. The court noted that, under the U.P. Value Added Tax Act, assessment must rest on credible material, and visual approximation of stock without actual weighment does not satisfy that standard. Because the books were disbelieved only on the basis of such estimation, the assessment orders were contrary to the settled legal position. The revision was accordingly allowed. en-us Tue, 08 Apr 2025 00:00:00 +0530 Fri, 11 Apr 2025 08:39:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768649 Rejection of books of account and best judgment assessment based solely on survey findings and eye estimation of stock was held unsustainable. The court noted that, under the U.P. Value Added Tax Act, assessment must rest on credible material, and visual approximation of stock without actual weighment does not satisfy that standard. Because the books were disbelieved only on the basis of such estimation, the assessment orders were contrary to the settled legal position. The revision was accordingly allowed. Case-Laws VAT / Sales Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768649