Appellate Decision Overturned for Ignoring Case Law in Suppressed Turnover Assessment; Emphasizes Judicial Review in Tax Cases.
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....Best Judgement Assessment - addition towards suppressed turnover - There being rationale behind estimation of the turnover, same cannot be held to be untenable. The appellate authority has merely proceeded to set-aside the addition of turnover without examining the applicability of the judgments referred to supra in the right perspective.....




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