https://www.taxtmi.com/caselaws?id=150030 A best judgment assessment must be based bona fide on some material capable of reasonably supporting the estimate, not merely on the previous year's assessment. The assessment here gave no disclosed basis for the increase in turnover, no explanation for excluding inter-State sales, and no rationale for apportioning the balance turnover at different tax rates. The revisional order also treated the earlier year as a sufficient yardstick without showing how it supported the estimate. The estimate was therefore not reasoned but imaginary, and the assessment was quashed as unsustainable. en-us Fri, 13 Nov 1970 00:00:00 +0530 Wed, 08 May 2013 10:10:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150030 A best judgment assessment must be based bona fide on some material capable of reasonably supporting the estimate, not merely on the previous year's assessment. The assessment here gave no disclosed basis for the increase in turnover, no explanation for excluding inter-State sales, and no rationale for apportioning the balance turnover at different tax rates. The revisional order also treated the earlier year as a sufficient yardstick without showing how it supported the estimate. The estimate was therefore not reasoned but imaginary, and the assessment was quashed as unsustainable. Case-Laws VAT and Sales Tax Fri, 13 Nov 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150030