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VAT - Highlights / Catch Notes

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Enhancement of turnover - Best Judgement assessment - The ...

Case Laws     VAT and Sales Tax

December 14, 2023

Enhancement of turnover - Best Judgement assessment - The tribunal was not justified in confirming the enhancement of turnover in view of the fact that at the time of survey loose papers were found which have been explained by the revisionist and merely on that ground the books of account can be rejected but enhancement should not be made. - HC

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