1967 (7) TMI 119 - HC - VAT and Sales Tax

Summary

The High Court of Madras allowed the petitions challenging the Tribunal's decision regarding the estimation of turnover based on suppressed purchases and sales of sugar. The Court held that turnover should be reasonably estimated and only excess sales not covered by purchases should be added. The Tribunal was directed to re-estimate the turnovers accordingly. (Case citation: 1967 (7) TMI 119 - MADRAS HIGH COURT)