https://www.taxtmi.com/caselaws?id=150292 Under section 12(8) of the Orissa Sales Tax Act, reassessment for escaped turnover may proceed on best judgment principles, and the assessing authority is not confined to the exact amount of escapement proved from third-party material if the original accounts are rejected. The estimate, however, must rest on relevant materials and a rational factual foundation, not on arbitrariness or bare assertion. On the facts, enhancement beyond the escaped turnover shown by the materials could not be sustained, so reassessment was limited to the suppression supported by the record. en-us Tue, 10 Apr 1973 00:00:00 +0530 Sat, 11 May 2013 13:23:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150292 Under section 12(8) of the Orissa Sales Tax Act, reassessment for escaped turnover may proceed on best judgment principles, and the assessing authority is not confined to the exact amount of escapement proved from third-party material if the original accounts are rejected. The estimate, however, must rest on relevant materials and a rational factual foundation, not on arbitrariness or bare assertion. On the facts, enhancement beyond the escaped turnover shown by the materials could not be sustained, so reassessment was limited to the suppression supported by the record. Case-Laws VAT and Sales Tax Tue, 10 Apr 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150292