https://www.taxtmi.com/caselaws?id=148305 Best judgment assessment under sales tax law requires relevant material capable of supporting a reasonable turnover estimate and cannot rest on speculation. Small pencil entries in a notebook, the later discovery of workmen, and absence of accounts did not establish concealed books, credit sales, or higher turnover; the assessment was therefore invalid. Attribution of timber, firewood and furniture business to a Hindu joint family also required evidence that the son's business belonged to the family or that the petitioner had an interest in it. No automatic presumption of joint family business arose, so the unsupported finding failed and the assessment orders were set aside. en-us Wed, 19 Jul 1967 00:00:00 +0530 Thu, 25 Apr 2013 14:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=148305 Best judgment assessment under sales tax law requires relevant material capable of supporting a reasonable turnover estimate and cannot rest on speculation. Small pencil entries in a notebook, the later discovery of workmen, and absence of accounts did not establish concealed books, credit sales, or higher turnover; the assessment was therefore invalid. Attribution of timber, firewood and furniture business to a Hindu joint family also required evidence that the son's business belonged to the family or that the petitioner had an interest in it. No automatic presumption of joint family business arose, so the unsupported finding failed and the assessment orders were set aside. Case-Laws VAT and Sales Tax Wed, 19 Jul 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=148305