https://www.taxtmi.com/caselaws?id=98774 An assessment under section 10(2)(b) of the Bihar Sales Tax Act, 1944 must be a fair estimate based on relevant material and evidence, not a pure guess or bare suspicion. Rejecting the books of account does not permit the assessing authority to adopt an arbitrary turnover figure; best judgment assessment still requires some factual foundation, even though strict rules of evidence do not apply. The referred question was answered in the negative, in favour of the assessee. en-us Wed, 22 May 1957 00:00:00 +0530 Mon, 05 Sep 2016 18:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=98774 An assessment under section 10(2)(b) of the Bihar Sales Tax Act, 1944 must be a fair estimate based on relevant material and evidence, not a pure guess or bare suspicion. Rejecting the books of account does not permit the assessing authority to adopt an arbitrary turnover figure; best judgment assessment still requires some factual foundation, even though strict rules of evidence do not apply. The referred question was answered in the negative, in favour of the assessee. Case-Laws VAT and Sales Tax Wed, 22 May 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=98774