2024 (7) TMI 677 - SCH - VAT and Sales Tax

Rejection of appeal - rejection of books of accounts - best judgement assessment - it was held by High Court that ' Once, the finding of fact with regard to variation of stocks has not been challenged which was also basis for rejecting the books of accounts and make the best judgment assessment, therefore impugned order cannot said to be bad in the eye of law. ' HELD THAT - No case for interference is made out in exercise of the jurisdiction under Article 136 of the Constitution of India. The Special Leave Petition is accordingly dismissed.

Summary

The Supreme Court dismissed the Special Leave Petition as no case for interference was found under Article 136 of the Constitution of India. The pending application was also disposed of.