https://www.taxtmi.com/caselaws?id=150683 Under section 12 of the Orissa Sales Tax Act, 1947, a return-based assessment is permissible only when the assessing authority is satisfied that the returns are correct and complete. If the dealer does not satisfactorily comply with a notice and the explanations or material produced are not accepted, the authority may reject the books and complete the assessment to the best of its judgment. In such an assessment, some estimate is inevitable, but it must be honest, rational, and free from arbitrariness. An enhancement is not excessive merely because it exceeds detected suppression where the suppression period is limited and further undisclosed transactions may reasonably be inferred. en-us Wed, 27 Feb 1974 00:00:00 +0530 Tue, 21 May 2013 13:07:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=150683 Under section 12 of the Orissa Sales Tax Act, 1947, a return-based assessment is permissible only when the assessing authority is satisfied that the returns are correct and complete. If the dealer does not satisfactorily comply with a notice and the explanations or material produced are not accepted, the authority may reject the books and complete the assessment to the best of its judgment. In such an assessment, some estimate is inevitable, but it must be honest, rational, and free from arbitrariness. An enhancement is not excessive merely because it exceeds detected suppression where the suppression period is limited and further undisclosed transactions may reasonably be inferred. Case-Laws VAT and Sales Tax Wed, 27 Feb 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=150683