https://www.taxtmi.com/caselaws?id=128917 Where escaped turnover is shown to extend over the whole assessment year and no accounts are available for exact computation, the assessing authority may adopt a best judgment estimate, and that power is treated as implicit in escaped turnover assessments. The tribunal's quantified addition must also avoid double counting; any component already separately assessed for the same suppression, such as vanaspati turnover, has to be excluded from the estimate. The best judgment basis was upheld, but the duplicated component was deleted, resulting in a downward modification of the addition. en-us Fri, 24 Jul 1964 00:00:00 +0530 Mon, 15 Apr 2013 10:41:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=128917 Where escaped turnover is shown to extend over the whole assessment year and no accounts are available for exact computation, the assessing authority may adopt a best judgment estimate, and that power is treated as implicit in escaped turnover assessments. The tribunal's quantified addition must also avoid double counting; any component already separately assessed for the same suppression, such as vanaspati turnover, has to be excluded from the estimate. The best judgment basis was upheld, but the duplicated component was deleted, resulting in a downward modification of the addition. Case-Laws VAT and Sales Tax Fri, 24 Jul 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=128917