https://www.taxtmi.com/caselaws?id=128874 A best judgment assessment must rest on relevant material and a reasonable nexus with the facts on record; a stock difference noticed on one day in one shop could not justify applying the same percentage to the entire year and all shops without further evidence, so the estimate was held unsustainable. An appellate tribunal reversing a reasoned reduction by the first appellate authority must specifically address the reasons given for reducing the addition; a bare disagreement is insufficient, so the tribunal's order was set aside and the matter remitted for fresh consideration. en-us Tue, 08 Jun 1993 00:00:00 +0530 Fri, 12 Apr 2013 16:13:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128874 A best judgment assessment must rest on relevant material and a reasonable nexus with the facts on record; a stock difference noticed on one day in one shop could not justify applying the same percentage to the entire year and all shops without further evidence, so the estimate was held unsustainable. An appellate tribunal reversing a reasoned reduction by the first appellate authority must specifically address the reasons given for reducing the addition; a bare disagreement is insufficient, so the tribunal's order was set aside and the matter remitted for fresh consideration. Case-Laws VAT and Sales Tax Tue, 08 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128874