2010 (8) TMI 833

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....is by the assessee challenging the order passed by the Karnataka Appellate Tribunal dismissing the appeal affirming the orders passed by the lower authorities, which had imposed tax on the assessee. The assessee is a private limited company trading in computers and computer peripherals. The assessee had declared the total and taxable turnovers at Rs. 1,19,36,87,583 and Rs. 2,54,25,418, respecti....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....vered by delivery challans and has discharged the tax liability thereon besides compounding the offence departmentally. The assessment officer added three times the admitted suppressed sales turnover and had completed the assessment order, which order has been confirmed by both the first and second appellate authorities. It is this order, which is challenged by the assessee in this revision. Th....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... nexus with the facts discovered, it could not be questioned. It was wrong to hold that the officer must have material before him to prove the exact turnover suppressed. In estimating any escaped turnover, it is inevitable that there is some guess-work. The assessing authority while making the best judgment, no doubt, should arrive at his conclusion without any bias and on a rational basis. That a....