https://www.taxtmi.com/caselaws?id=150228 A best judgment assessment must still rest on reasonable objective material; where the enhancement in taxable turnover is based only on suspicion, irregularities, or an unexplained estimate, it is arbitrary and unsustainable. The turnover addition of Rs. 51,523.88 was therefore rejected because the orders did not disclose any rational basis for the figure. A penalty dependent on that enhancement cannot survive once the underlying addition fails, so the connected penalty of Rs. 2,000 was also unsustainable. The result was in favour of the assessee. en-us Thu, 16 Sep 1971 00:00:00 +0530 Fri, 10 May 2013 14:57:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150228 A best judgment assessment must still rest on reasonable objective material; where the enhancement in taxable turnover is based only on suspicion, irregularities, or an unexplained estimate, it is arbitrary and unsustainable. The turnover addition of Rs. 51,523.88 was therefore rejected because the orders did not disclose any rational basis for the figure. A penalty dependent on that enhancement cannot survive once the underlying addition fails, so the connected penalty of Rs. 2,000 was also unsustainable. The result was in favour of the assessee. Case-Laws VAT and Sales Tax Thu, 16 Sep 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150228