https://www.taxtmi.com/caselaws?id=152843 Best judgment assessment under sales tax law is attracted only where accounts are not maintained as required, are not in accordance with statutory requirements, or are so unreliable that proper assessment cannot be made on that basis. Mere absence of a stock register, stock list or manufacturing account does not, by itself, justify rejection of accounts or best judgment assessment unless the authority finds the accounting method unreliable and unsuitable for assessment. Even after rejecting accounts, the estimate must rest on a rational basis with a reasonable nexus to turnover. en-us Thu, 22 Mar 1979 00:00:00 +0530 Thu, 11 Jul 2013 17:34:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152843 Best judgment assessment under sales tax law is attracted only where accounts are not maintained as required, are not in accordance with statutory requirements, or are so unreliable that proper assessment cannot be made on that basis. Mere absence of a stock register, stock list or manufacturing account does not, by itself, justify rejection of accounts or best judgment assessment unless the authority finds the accounting method unreliable and unsuitable for assessment. Even after rejecting accounts, the estimate must rest on a rational basis with a reasonable nexus to turnover. Case-Laws VAT and Sales Tax Thu, 22 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152843