https://www.taxtmi.com/caselaws?id=141054 A best judgment assessment under the Bengal Finance (Sales Tax) Act was valid where the dealer was repeatedly asked to produce books, bank statements, and other records, was granted adjournments, and was informed of the transactions relied on; the opportunity to be heard was therefore satisfied. The turnover estimate was not arbitrary because it was based on identified material, including unrecorded transactions, fictitious names, and the dealer's failure to produce supporting records; the tax challenge failed. The penalty for delayed filing of the return was also upheld because the authority found no reasonable cause for the default, supported by the dealer's belated extension request and past conduct. en-us Wed, 07 Jul 1965 00:00:00 +0530 Thu, 18 Apr 2013 15:09:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=141054 A best judgment assessment under the Bengal Finance (Sales Tax) Act was valid where the dealer was repeatedly asked to produce books, bank statements, and other records, was granted adjournments, and was informed of the transactions relied on; the opportunity to be heard was therefore satisfied. The turnover estimate was not arbitrary because it was based on identified material, including unrecorded transactions, fictitious names, and the dealer's failure to produce supporting records; the tax challenge failed. The penalty for delayed filing of the return was also upheld because the authority found no reasonable cause for the default, supported by the dealer's belated extension request and past conduct. Case-Laws VAT and Sales Tax Wed, 07 Jul 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=141054