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VAT - Highlights / Catch Notes

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Best Judgement Assessment - addition towards suppressed turnover ...

VAT and Sales Tax

May 18, 2020

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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