https://www.taxtmi.com/caselaws?id=127995 Best judgment assessment may be sustained where the revenue authority treats seized booklets and slips as sufficient material on the record of the relevant period, even if an earlier proceeding on another assessment period reached a different view on similar material. The booklet's ownership was treated as a pure question of fact, and the authority was entitled to rely on the assessee's inconsistent explanations and the evidence before it for the period in issue. No legal bar prevented drawing a different factual conclusion in the later matter, so the assessment was upheld on the facts found by the revenue authorities. en-us Tue, 08 Sep 1959 00:00:00 +0530 Mon, 25 Mar 2013 16:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=127995 Best judgment assessment may be sustained where the revenue authority treats seized booklets and slips as sufficient material on the record of the relevant period, even if an earlier proceeding on another assessment period reached a different view on similar material. The booklet's ownership was treated as a pure question of fact, and the authority was entitled to rely on the assessee's inconsistent explanations and the evidence before it for the period in issue. No legal bar prevented drawing a different factual conclusion in the later matter, so the assessment was upheld on the facts found by the revenue authorities. Case-Laws VAT and Sales Tax Tue, 08 Sep 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=127995