2002 (1) TMI 1268

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....ision case is directed against the order passed by the Sales Tax Appellate Tribunal holding that the assessing authority is not justified in estimating the purchase turnover by best judgment assessment on the ground that the assessee who is a manufacturer and trader of fibre glass boats failed to maintain manufacturing account.   2.. The relevant assessment year is 1990-91. The assessing a....

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....is a circumstance justifying the assessing authority to infer suppression of purchase turnover by the assessee. 5.. We notice that though the assessee did not maintain manufacturing account it had correctly maintained the opening and closing account. There is no dispute about the fact that verification of the books maintained by the assessee does not lead to the inference that there is suppress....