https://www.taxtmi.com/caselaws?id=128443 Best judgment assessment requires a genuine assessment of whether a dealer's accounts are incorrect, incomplete or unreliable; non-compliance with prescribed requirements for books, vouchers or bills alone does not justify rejecting them. Where accounts were discarded solely because supporting records were not maintained in the required form, without scrutiny of their reliability, the rejection was unlawful and required reconsideration of the assessment. An estimating method based on working expenses and a multiplier was not inherently arbitrary, since best judgment assessment permits honest and fair estimation founded on relevant material. Fixing servants' feeding charges on practical judgment was also not per se impermissible. en-us Thu, 15 Feb 1962 00:00:00 +0530 Fri, 05 Apr 2013 16:31:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128443 Best judgment assessment requires a genuine assessment of whether a dealer's accounts are incorrect, incomplete or unreliable; non-compliance with prescribed requirements for books, vouchers or bills alone does not justify rejecting them. Where accounts were discarded solely because supporting records were not maintained in the required form, without scrutiny of their reliability, the rejection was unlawful and required reconsideration of the assessment. An estimating method based on working expenses and a multiplier was not inherently arbitrary, since best judgment assessment permits honest and fair estimation founded on relevant material. Fixing servants' feeding charges on practical judgment was also not per se impermissible. Case-Laws VAT and Sales Tax Thu, 15 Feb 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128443