https://www.taxtmi.com/caselaws?id=150012 Best judgment assessment under the Kerala sales tax law must be an honest estimate founded on material; it cannot rest on pure guesswork or mere suspicion. Where the record shows a pattern of suppression, including repeated irregularities, suppression at more than one business place, and unexplained slips indicating transactions, the authority may reasonably infer suppression beyond the exact instances detected, provided the inference has a rational nexus with the facts. On that footing, the addition based on continuous suppression was upheld because the estimate was treated as reasonable and supported by material rather than conjecture. en-us Tue, 22 Sep 1970 00:00:00 +0530 Tue, 07 May 2013 18:06:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150012 Best judgment assessment under the Kerala sales tax law must be an honest estimate founded on material; it cannot rest on pure guesswork or mere suspicion. Where the record shows a pattern of suppression, including repeated irregularities, suppression at more than one business place, and unexplained slips indicating transactions, the authority may reasonably infer suppression beyond the exact instances detected, provided the inference has a rational nexus with the facts. On that footing, the addition based on continuous suppression was upheld because the estimate was treated as reasonable and supported by material rather than conjecture. Case-Laws VAT and Sales Tax Tue, 22 Sep 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150012