https://www.taxtmi.com/caselaws?id=151147 Reassessment of escaped turnover under section 15(1) of the Bombay Sales Tax Act, 1953 can include best judgment assessment because the provision incorporates the assessment procedure and powers applicable to regular assessment under section 14. When a dealer fails to produce evidence, or submits false, unreliable, or suppressed accounts, the reassessing authority may move beyond a mechanical recomputation of escaped turnover and make a fair, honest estimate based on relevant material. The reassessment power is therefore coextensive with the read-in powers under section 14 where the statutory conditions for best judgment assessment are satisfied. en-us Thu, 04 Mar 1976 00:00:00 +0530 Fri, 31 May 2013 15:51:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151147 Reassessment of escaped turnover under section 15(1) of the Bombay Sales Tax Act, 1953 can include best judgment assessment because the provision incorporates the assessment procedure and powers applicable to regular assessment under section 14. When a dealer fails to produce evidence, or submits false, unreliable, or suppressed accounts, the reassessing authority may move beyond a mechanical recomputation of escaped turnover and make a fair, honest estimate based on relevant material. The reassessment power is therefore coextensive with the read-in powers under section 14 where the statutory conditions for best judgment assessment are satisfied. Case-Laws VAT and Sales Tax Thu, 04 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151147