https://www.taxtmi.com/caselaws?id=148250 Penalty under the best judgment penalty provision was confined to turnover items actually assessed on best judgment, and a merely incomplete or incorrect return did not by itself attract penalty. Items 1 and 3 were accepted from the assessee's own account books without estimation, so they fell outside the statutory field for penalty and no penalty was sustainable on those turnovers. Item 2 was assessed on best judgment after the assessee invited that method, bringing it within the provision; penalty was valid only for that item. en-us Tue, 04 Jul 1967 00:00:00 +0530 Wed, 24 Apr 2013 15:53:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148250 Penalty under the best judgment penalty provision was confined to turnover items actually assessed on best judgment, and a merely incomplete or incorrect return did not by itself attract penalty. Items 1 and 3 were accepted from the assessee's own account books without estimation, so they fell outside the statutory field for penalty and no penalty was sustainable on those turnovers. Item 2 was assessed on best judgment after the assessee invited that method, bringing it within the provision; penalty was valid only for that item. Case-Laws VAT and Sales Tax Tue, 04 Jul 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148250