https://www.taxtmi.com/caselaws?id=128875 The High Court set aside the Appellate Tribunal's order in a case involving discrepancies in book-keeping leading to a best judgment assessment against a gold ornaments dealer. The Court found the assessment lacked substantial evidence and was arbitrary, directing a fresh consideration by the Tribunal. Emphasizing the importance of supported best judgment assessments, the Court highlighted the necessity for reasonableness and consistency in assessment procedures. The decision underscored judicial oversight in ensuring fair and accurate tax evaluations, suspending tax realization until the Tribunal's reevaluation. en-us Wed, 01 Apr 1998 00:00:00 +0530 Fri, 12 Apr 2013 16:19:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128875 The High Court set aside the Appellate Tribunal's order in a case involving discrepancies in book-keeping leading to a best judgment assessment against a gold ornaments dealer. The Court found the assessment lacked substantial evidence and was arbitrary, directing a fresh consideration by the Tribunal. Emphasizing the importance of supported best judgment assessments, the Court highlighted the necessity for reasonableness and consistency in assessment procedures. The decision underscored judicial oversight in ensuring fair and accurate tax evaluations, suspending tax realization until the Tribunal's reevaluation. Case-Laws VAT and Sales Tax Wed, 01 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128875