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2007 (9) TMI 585 - HC - VAT and Sales TaxBest judgment assessment - enhancement of turnover - rejection of books of accounts - Held that:- Admittedly, as per books of account, higher turnover had been shown than the turnover disclosed in the return both gross as well as net turnover.There appears to be no reason to disbelieve the explanation that by the mistake of accountant, lesser turnover had been disclosed in the return. In any view of the matter, above facts does not lead to the inference of suppression of the turnover. The assessing authority had not pointed out any defect in the books of account. In view of the above, do not find any justification for the rejection of books of account and for estimating the suppressed sales at ₹ 35 lacs.In the result, revision is allowed. Order of the Tribunal is set aside so far as the rejection of books of account and the estimate of suppressed sales at ₹ 35 lacs is concerned. The Tribunal is directed to pass appropriate order under section 11(8) of the Act.
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