1967 (7) TMI 119

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..... be based both on the estimated suppressed purchases and estimated suppressed sales is correct. As a result of discovery of certain books from a sugar broker, the department discovered suppression of purchases and sales of sugar. Some of these transactions were found to have been entered into with out-of-State dealers. In applying best judgment the revenue added to the turnover on the basis of supp .....

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..... place in the accounts, it may be reasonable to assume that the goods covered by such sales to the extent possible came from the goods purchased but not disclosed. In our opinion, it is only any excess sales not covered by the purchases that can be added. The petitions are allowed in those terms. No costs. The appeals will be restored to the file of the Tribunal so that it may re-estimate the turno .....

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