https://www.taxtmi.com/caselaws?id=144074 In best judgment assessment under the U.P. Sales Tax Act, a turnover estimate is valid only if it rests on relevant surrounding circumstances and is not a mere guess or arbitrary figure. The Court noted that returned turnover, suppression of bales, defects in accounts, failure to file prescribed returns and statements, past trading history, and other circumstances can provide a rational basis for estimation. On those facts, the turnover fixed by the Sales Tax Officer was held to be supported by the material and not a wild or shocking guess, so the assessment was sustained. en-us Fri, 17 Dec 1965 00:00:00 +0530 Fri, 19 Apr 2013 11:21:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=144074 In best judgment assessment under the U.P. Sales Tax Act, a turnover estimate is valid only if it rests on relevant surrounding circumstances and is not a mere guess or arbitrary figure. The Court noted that returned turnover, suppression of bales, defects in accounts, failure to file prescribed returns and statements, past trading history, and other circumstances can provide a rational basis for estimation. On those facts, the turnover fixed by the Sales Tax Officer was held to be supported by the material and not a wild or shocking guess, so the assessment was sustained. Case-Laws VAT and Sales Tax Fri, 17 Dec 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=144074