https://www.taxtmi.com/caselaws?id=467194 Authorities may refuse to accept late-produced accounting records where timing, prior statements and surrounding circumstances cast doubt on their genuineness; such refusal upheld as lawful. Affidavits alleging facts remain admissible material but may be accepted or rejected after credibility appraisal and do not require automatic adoption; appellate findings treating the affidavit as insufficient are sustained. Where books are not accepted, estimation of annual turnover using past turnover history is a permissible basis and an assessment fixed at levels consistent with prior years does not amount to arbitrary or excessive assessment. en-us Wed, 08 Oct 1980 00:00:00 +0530 Tue, 10 Mar 2026 11:41:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467194 Authorities may refuse to accept late-produced accounting records where timing, prior statements and surrounding circumstances cast doubt on their genuineness; such refusal upheld as lawful. Affidavits alleging facts remain admissible material but may be accepted or rejected after credibility appraisal and do not require automatic adoption; appellate findings treating the affidavit as insufficient are sustained. Where books are not accepted, estimation of annual turnover using past turnover history is a permissible basis and an assessment fixed at levels consistent with prior years does not amount to arbitrary or excessive assessment. Case-Laws VAT / Sales Tax Wed, 08 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467194