Supreme Court Upholds Remittal Decision, Emphasizes Consideration of All Factors in Assessment Process

The Supreme Court upheld the High Court's decision to remit assessment proceedings to the Sales Tax Appellate Tribunal for reconsideration, emphasizing the need to consider all relevant factors and principles in determining the assessment. The Court declined to interfere with the estimated turnover figures in the best judgment assessment case.

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The Supreme Court declined to review the estimated figures of gross and taxable turnover in a best judgment assessment case. The High Court's order remitting the assessment proceedings to the Sales Tax Appellate Tribunal was upheld, with directions for the Tribunal to consider all relevant factors and principles in making its assessment decision. The special leave petition was disposed of accordingly.

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