https://www.taxtmi.com/caselaws?id=127309 Best judgment assessment must rest on relevant material and a fair, reasonable estimate. Cloth sales shown in the name of Ramsaroop Mohanlal were treated as the assessee firm's sales because the surrounding facts linked the new concern to the same premises, bank account, family and business activity, and supported a device to route sales outside tax. The cloth-sales addition was not wholly arbitrary, but it had to be reduced for consignments shown to have gone to outside concerns. No independent material justified any addition for alleged food-grain sales, so that estimate was unsustainable and deleted. en-us Wed, 02 Sep 1953 00:00:00 +0530 Thu, 07 Mar 2013 11:27:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127309 Best judgment assessment must rest on relevant material and a fair, reasonable estimate. Cloth sales shown in the name of Ramsaroop Mohanlal were treated as the assessee firm's sales because the surrounding facts linked the new concern to the same premises, bank account, family and business activity, and supported a device to route sales outside tax. The cloth-sales addition was not wholly arbitrary, but it had to be reduced for consignments shown to have gone to outside concerns. No independent material justified any addition for alleged food-grain sales, so that estimate was unsustainable and deleted. Case-Laws VAT and Sales Tax Wed, 02 Sep 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127309