https://www.taxtmi.com/caselaws?id=127129 Treasury deposits and quarterly instalments do not substitute for the statutory return where the assessee has not filed a return of total turnover within time or validly elected the assessment year. In that situation, the taxing authority may proceed under the best judgment assessment provision, and the delayed filing defeats any claim that the statutory return requirement was satisfied. On the facts stated, the application for reference was not maintainable and was rightly rejected because non-compliance with the filing obligation justified assessment on best judgment. en-us Tue, 17 Jul 1951 00:00:00 +0530 Wed, 27 Feb 2013 09:48:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127129 Treasury deposits and quarterly instalments do not substitute for the statutory return where the assessee has not filed a return of total turnover within time or validly elected the assessment year. In that situation, the taxing authority may proceed under the best judgment assessment provision, and the delayed filing defeats any claim that the statutory return requirement was satisfied. On the facts stated, the application for reference was not maintainable and was rightly rejected because non-compliance with the filing obligation justified assessment on best judgment. Case-Laws VAT and Sales Tax Tue, 17 Jul 1951 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127129