https://www.taxtmi.com/caselaws?id=151418 Nationalisation of coal mines transferring only right, title and interest in specified assets does not by itself amount to transfer of the business ownership under section 17 of the Bengal Finance (Sales Tax) Act, 1941; the registered dealer status therefore did not shift to the transferee. A best judgment assessment must still rest on objective material and a rational nexus to the turnover estimated; where the estimate is unsupported by past records, comparable dealers, books of account, or other basis, the assessment is arbitrary. The court set aside the assessment and remitted the matter for fresh assessment after giving the dealer a reasonable opportunity. en-us Mon, 16 Feb 1976 00:00:00 +0530 Wed, 05 Jun 2013 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151418 Nationalisation of coal mines transferring only right, title and interest in specified assets does not by itself amount to transfer of the business ownership under section 17 of the Bengal Finance (Sales Tax) Act, 1941; the registered dealer status therefore did not shift to the transferee. A best judgment assessment must still rest on objective material and a rational nexus to the turnover estimated; where the estimate is unsupported by past records, comparable dealers, books of account, or other basis, the assessment is arbitrary. The court set aside the assessment and remitted the matter for fresh assessment after giving the dealer a reasonable opportunity. Case-Laws VAT and Sales Tax Mon, 16 Feb 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151418