1978 (5) TMI 109 - HC - VAT and Sales Tax

Summary

The High Court of Allahabad upheld the assessment of a turnover of Rs. 1,12,437 for an assessee dealing in mill-made cloth, hessian, and iron hoops, despite the initial disclosure of Rs. 12,437. The Sales Tax Officer estimated suppressed turnover based on sales of Rs. 6,045.76 in one day, which was upheld by the appellate authority. The Court ruled that the estimate was supported by material on record, citing precedent. The question of law was answered in favor of the department, with costs assessed at Rs. 200.