1994 (11) TMI 378 - HC - VAT and Sales Tax

Summary

The petitioner, an assessee to sales tax, challenged the estimation of taxable turnover at three times the average running stock for the assessment year 1988-89. The Tribunal upheld the estimation, finding it reasonable based on the excess stock of new gold ornaments. The High Court dismissed the petition summarily under section 41(3) of the Kerala General Sales Tax Act, 1963. (Case: 1994 (11) TMI 378 - KERALA HIGH COURT)