https://www.taxtmi.com/caselaws?id=128236 A best judgment assessment under the Sales Tax Act must rest on disclosed material, a rational basis, and a fair opportunity for the assessee to rebut adverse information. The High Court noted that the contracts and Inspector's report relied on were not shown to the assessee, the basis for the turnover estimate was unclear, and the figures appeared to be founded on suspicion rather than recorded reasons or proved material. The assessment was therefore invalid and set aside, leaving the authorities free to make a fresh assessment in accordance with law. en-us Wed, 26 Oct 1960 00:00:00 +0530 Sat, 30 Mar 2013 12:25:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128236 A best judgment assessment under the Sales Tax Act must rest on disclosed material, a rational basis, and a fair opportunity for the assessee to rebut adverse information. The High Court noted that the contracts and Inspector's report relied on were not shown to the assessee, the basis for the turnover estimate was unclear, and the figures appeared to be founded on suspicion rather than recorded reasons or proved material. The assessment was therefore invalid and set aside, leaving the authorities free to make a fresh assessment in accordance with law. Case-Laws VAT and Sales Tax Wed, 26 Oct 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128236