2014 (3) TMI 241

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..... d that the daily sale was ₹ 10,000/-. Tribunal, ultimately, assessed the taxable turnover at ₹ 27.75 lacs. Apart from the finding that on 14th April, 2004, revisionist assessee had sold ₹ 3,000/- worth of food from morning till 6:50 PM, there was nothing else available for the Assessing Authority or the Appellate Authority or the Tribunal to reasonably assess the turnover for the .....

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..... in the eatery of the revisionist assessee, when it transpired that from morning to evening upto about 6:50 PM, the sale was around ₹ 3,000/-. On the basis of the survey report, the Assessing Officer concluded that the daily sale would be about ₹ 20,000/-. Therefore, the Assessing Authority assumed that from 6:51 PM until about 8:30 / 9:00 PM, the sale will be about ₹ 15,000/-. Th .....

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..... year was less than the taxable financial limit. The Appellate Authority fixed the annual turnover for the financial year 2004-2005 at ₹ 12.40 lacs and the Tribunal fixed the same at ₹ 27.75 lacs. The fact remains that while the Appellate Authority proceeded on the basis that the daily sale was ₹ 3,500/-, the Tribunal held that the daily sale was ₹ 10,000/-. Tribunal, ultima .....

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