2010 (8) TMI 833

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..... appeal affirming the orders passed by the lower authorities, which had imposed tax on the assessee. The assessee is a private limited company trading in computers and computer peripherals. The assessee had declared the total and taxable turnovers at Rs. 1,19,36,87,583 and Rs. 2,54,25,418, respectively. The assessing officer has determined the same at Rs. 12,98,76,539 and Rs. 3,61,07,860, respe .....

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..... fence departmentally. The assessment officer added three times the admitted suppressed sales turnover and had completed the assessment order, which order has been confirmed by both the first and second appellate authorities. It is this order, which is challenged by the assessee in this revision. The contention of the assessee is that, when once the assessee has paid tax on the suppressed sales .....

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..... r must have material before him to prove the exact turnover suppressed. In estimating any escaped turnover, it is inevitable that there is some guess-work. The assessing authority while making the best judgment, no doubt, should arrive at his conclusion without any bias and on a rational basis. That authority should not be vindictive or capricious. If the estimate made by the assessing authority i .....

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