https://www.taxtmi.com/caselaws?id=128284 Tax authorities exercising best judgment powers must make a fair estimate on relevant material and disclose the basis of the turnover fixed, so the assessee and appellate authorities can examine the reasoning. An assessment order that merely records defaults and states the assessed figure without explaining the materials or logic relied on is arbitrary and shows non-compliance with the statutory duty to assess fairly. On that ground, the best judgment assessments were set aside and fresh assessments were directed. en-us Tue, 25 Oct 1960 00:00:00 +0530 Sat, 30 Mar 2013 17:45:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128284 Tax authorities exercising best judgment powers must make a fair estimate on relevant material and disclose the basis of the turnover fixed, so the assessee and appellate authorities can examine the reasoning. An assessment order that merely records defaults and states the assessed figure without explaining the materials or logic relied on is arbitrary and shows non-compliance with the statutory duty to assess fairly. On that ground, the best judgment assessments were set aside and fresh assessments were directed. Case-Laws VAT and Sales Tax Tue, 25 Oct 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128284