1990 (7) TMI 327 - HC - VAT and Sales Tax

Summary

The High Court of Orissa ruled in favor of the assessee in a sales tax case for the year 1975-76. The Court found that the quantification of turnover by the assessing authorities was arbitrary and lacked reasoning. The Tribunal was directed to reevaluate the turnover based on principles of best judgment assessment. The Tribunal was instructed to conduct a fresh hearing and determine the turnover afresh. The justification for enhancement due to suppression of sales could not be questioned further. The assessee was directed to appear before the Tribunal for a hearing on 20th August 1990.