Validity of Estimation of turnover - The assessee sells liquor ...

Case Laws VAT and Sales Tax

August 13, 2020

Validity of Estimation of turnover - The assessee sells liquor on retail, after purchasing the same from the Kerala State Beverages Corporation. The purchase value cannot be a reference to decide on the assessee's sale price since the assessee offers a premises for the customer to consume alcohol - The estimation has been made on mere surmises and conjectures. There is absolutely no rational basis to reject the books of accounts. - HC

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Validity of Estimation of turnover - The assessee sells liquor ...

Case Laws VAT and Sales Tax

August 13, 2020

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